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Frequently Asked Questions
Business Succession Planning
Q. Why does my company need a formal succession plan if I know what I want to happen to my company in case I die?
Q. How would it benefit me or my company if I did have a formal succession plan?
Q. If I have a child in the business, can I count on him/her to follow what I want to happen to my company?
Q. What is business overhead insurance and why would I need such a policy?
Q. If I can not work, but am still alive, why should I have a succession plan?
Q. Won't it be "business as usual" if I am out of the picture for awhile?
Q. What could possibly happen to my strong, well-established company, if I die prematurely?
Q. Will my family get full value for my business if they want to sell the business instead of running it?
Q. I have a close knit family so what possible conflicts could arise that would jeopardize my business in case of my death or disability?
Q. How can I keep my family and key employees happy and productive after I am dead or disabled?
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