Having a Business Succession Plan for Your Heirs (business people)
Do you know who will be next in line to take over the business you had painstakingly build up in your lifetime? Do your family members know how o handle the business in the event you are no longer around? Have you plan for the 'heir' to take over the business?
GET TO KNOW
- Ensure that you leave behind adequately for your loved ones
- Ensure that your assets get passed down with minimal delays and cost
- How to avoid windfall effect to your dependents
- What is a survivorship clause and how can you make use of it
- Learn the relevant laws and regulations that might affect your distribution and heir succession