Some of the items to be taken into account in financial planning for successful succession within a business includes:
- Life insurance
- Appointing an independent trustee
- Appropriate legal documentation
- Buy/Sell Agreements
This paper sets out some of the financial considerations that have to be taken into account in successful planning for a family business. Comments include:
- What Needs To Be Considered?
- Wills
- Bankruptcy
- Pre-Death Planning
- What Would Happen If The Owner Died?
- Insurance Can Help
- Banks And Suppliers
