Investors who operate businesses should pay attention to business succession planning in addition to planning for the succession of their wealth, Ms. Kaufman said.
This includes considering questions such as: What will happen to the business when the investor passes away? Is there someone in the family, an employee or group of employees who can take it over, or is a sale more attractive?
Investors can make some egregious errors when it comes to drawing up plans to transfer their wealth and property. Here are some of the biggest, most common mistakes you could run into.
Investors can make some egregious errors when it comes to drawing up plans to transfer their wealth and property. Here are some of the biggest, most common mistakes you could run into.
Investors can make some egregious errors when it comes to drawing up plans to transfer their wealth and property. Here are some of the biggest, most common mistakes you could run into.
