Many Estate Planning attorneys shy away from business succession planning, but if you approach it like you do any other asset, it’s not so scary! 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. Read on to learn more.
- Spring Summit 2023: Celebrating 30 Years of Indispensability in the Windy City - June 1, 2023
- The IRS’ Annual Warning: The 2023 Dirty Dozen - May 8, 2023
- The Joy in Joint Trusts - May 5, 2023