Tackle Family Business Succession Planning Early

18 July 21

Here’s a good tip.  Temper your children’s expectations at the earliest possible point about how you want your family business to run after your passing/retirement. Don’t lose out on the opportunity to control and direct those discussions when you are still “calling the shots”. Have those discussions before your children start making their own assumptions and determinations about who will be in charge of the business when you are...

Family Business Succession Planning

3 June 21

Ah, the good old fashion family business. Ask any estate planning litigator their thoughts about how best to pass down a family business, and you might see a smile creep over their face… because they know… Some of the biggest inheritance disputes involve the succession, management and ownership of a family business after the family’s matriarch and/or patriarch who ran the family business dies. Why? Because of the highly...