The reason succession planning is vital is that there is so much that could be lost or surrendered from a tax standpoint, and from a wealth standpoint. If you don’t plan appropriately you leave a lot on the table. You want to deal with this from a proactive perspective, not because you’re in a crisis.
The Portland Business Journal recently gathered leading experts, including Confluence’s own Kathleen Kee, to discuss what it takes to put a succession plan in place that maximizes opportunities, protects assets and embodies the family’s values.
You can read the full article here: Portland Business Journal June 24, 2016.