Family succession planning means putting the family, the entire family, first in the development of exit and succession strategies. Family first always. That does not mean avoiding the financial issues, in fact getting the family succession planning feelings in order helps make the financial decisions more likely to have the desired outcome. And since the money issues drive everything, even family succession concerns, beginning the family succession planning process sooner rather than later means putting the power of compound interest on your side rather than the government’s.
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