When is the right time to start succession planning?
I believe the earlier, the better. I mean you certainly want to avoid it late in life. The biggest problem we see is a brilliant entrepreneur who developed a wonderful business that’s earned lots of money for him or her and for their family, but they reach a point where they’re really too old to assist in properly planning to either move that business onto the next generation or to liquidate the business in the most efficient way. You can’t wait too long is my advice. I would be looking at it pretty early on. Have any more questions about 2hen is the right time to start succession planning? Contact us today to schedule a free consultation! Doane & Doane – Top rated Tax & Estate Planning Attorneys