Succession and Legacy Planning for Business Owners

Critical to preserving a family’s legacy may be the implementation of a comprehensive succession plan. Family businesses, businesses with non-related owners and family offices need to address the various contingencies impacting success.

Succession Planning: Succession planning is critical to an effective transition of the ownership of a business; whether that transition occurs due to a planned exit by the owner or an unexpected event

Key Man: Prudent risk management may necessitate insuring the life of an employee who is crucial to business operations

Estate Planning: Business owners have a myriad of estate planning concerns that will require sufficient liquidity upon their death

A Succession and Legacy Planning for Business Owners - ID 1007.pdf

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