Decades of work can be dissipated unnecessarily and preventable by having a plan in place. Expand all items + Your Succession Team Having one or more of your family members take over the business will ...

Owning a family business, and planning the succession of your family business, is as much a part of the American dream as white picket fences and two cars in every garage. But is handing your ...

A succession plan for a family business should address the following questions: Do you want your children to take over the business? Some children but not others? Are your children able to take ...

This makes succession critical to the economic viability of the ag business and the continuation of the family farm (let alone the happiness of the family and partners involved). There are four ...

A successful succession plan creates a structure the business can follow through ... In particular, family succession plans provide a template for transferring the business to the next generation.

Research has shown that one of the leading causes of disputes in family-owned companies, is disputes on maintenance of legacy ...

Glenmede's Bethany Bryant on how a wealth plan can empower you to live the lifestyle you desire and create a plan to ensure ...

She explains, "A Family Charter has to be a bespoke document since each family is unique in its own way and no common template can ... family details, business succession plan, and general concerns.