15: Considerations for family succession

• Succession is not easy
• Planning family succession
• Partial measures are not enough
• Why succession planning is routinely neglected
• Adverse consequences are preventable
• Your succession team
• Lawyer
• Certified Public Accountant
• Financial advisor
• Insurance advisor
• Key employees who are not family members
• Advisory board
• Choosing your successor
• Thoughtful planning can strengthen the company
• Coordinating founder and first generation goals
• Resolving sibling goals
• Top Ten Do's and Don'ts
• Resources
• Session Quiz