Most business owners don’t have an effective estate & succession plan in place, and this can be a costly mistake. Without a plan, differing opinions and a lack of knowledge of the business owner’s desires can lead to financial troubles, or even anger and resentment.
You may think your spouse will easily be able to sell your company, but the truth is it’s not that simple. Estate & succession planning need to be made priorities before it’s too late.
Watch this video to learn about the Sturdy family, the problems they ran into when Mr. Sturdy passed away without an estate & succession plan for the family business, and how those problems could have been avoided.
Don’t make this same mistake with your business– contact us today at Blue Rock Wealth Management to get started on developing an effective estate & succession plan.