Many Estate Planning attorneys shy away from business succession planning, but approaching this planning like any other asset can remove the fear from the process! First, it’s important to understand that entities involve not just the business relationship, but family relationships as well. Often, businesses start with one or maybe two members of a senior generation who have the funds, desire, and connections to create the business. It’s not always clear, though, what will happen when that senior generation retires, or worse yet, dies unexpectedly.
If you’d like to learn more, please see this helpful article at the AAEPA’s website.
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