What Is Business Succession Planning?

Video Transcription:

What is business succession planning? That is really a sub-area under estate planning in general. Estate planning is how do we efficiently move assets from one generation typically down to the next generation. If a large part of the estate consists of a closely held business, then lots of other complicating facts can come into bare. Recognizing the opportunities there and looking for solutions and analyzing possible ways to handle the transfer of a closely held business is often times called succession planning. Have more questions? Then contact us today to schedule a free consultation! Doane & DoaneTop rated Tax & Estate Planning Attorneys