Why You Need a Plan of Succession
Family owned businesses focus mostly on running the actual business, instead who will take over next. Therefore, Estate planning and succession get neglected.
Types of Successions
Types of successions include affidavit of small succession, intestate succession and estate succession. Consult a specialist to learn about the different types.
Succession vs Affidavit
An affidavit might be a more viable option if the estate falls under a certain threshold and criteria.
What can you do prior to a Finalizing a Succession?
Review and talk to your family.
Thoughtful and well-experienced attorneys, such as the team at Broussard Dove Law, weigh out all your options to find what’s best for you when it comes to your succession.