Business succession planning and estate planning are two sides of the same coin. While estate planning focuses on your personal assets, succession planning deals specifically with your business.
What’s the Difference?
Estate planning ensures your home, savings, and personal property are passed on the way you want. Succession planning makes sure your business doesn’t skip a beat when you’re no longer at the helm.
How Do They Work Together?
Together, these plans create a seamless transition of your assets—both personal and business. You can use your estate plan to dictate who will inherit your business, while your succession plan outlines how the business will be run. If these two plans aren’t aligned, it can lead to confusion and mismanagement.
We help business owners like you create coordinated plans that protect everything you’ve built. Let’s talk about how we can work together to safeguard your future.
