Sooner or later, like it or not, when you own all or part of a closely held business, you must wrestle with your unique “succession planning problems.” The reason most readers of this column call me for help is to solve their business succession puzzle. Now a sad fact: most callers do not have an estate plan or, if they do, the plan is out of date. Let me be clear: your succession plan cannot be done right unless it is part of a comprehensive estate plan. Popular NowExpansion ...

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