Simply put, succession is the natural transition of property. Business succession is the process of choosing someone to take over your business, and developing a plan to make it work. Several questions come to mind when thinking through business succession. While lots of business owners overlook business succession planning until the last moment, it is […]
Category Archives: Estate Planning
Several years ago, a friend of mine was on his way to go deer hunting with a friend over Thanksgiving weekend when they were involved in a head on collision. He ended up in the hospital for a month with a broken pelvis and multiple fractures in both legs. Fortunately, over time he recovered. His […]
Earlier this year, a childhood friend of mine died suddenly. We had not seen each other in three years, and his death hit me pretty hard. As I sat at his funeral, I wondered whether he had life insurance, a trust, or a will, and whether his family would be okay if they hadn’t prepared […]