In philanthropy, just as in business, the strategic foresight to plan for leadership succession is not just wise; it's imperative. Ensuring that a foundation or philanthropic organization can ...

Yet, planning for the day you step away can be one of the most challenging tasks you'll face. Succession planning is crucial to ensure that your business continues to thrive long after you've ...

The process of family business succession planning may take five years or more. Any family business that starts this process only at the time the need for succession arises will find that it is ...

Its impact, deliberately, extends much farther than the entities involved and has a significant impact on estate planning in general, and succession planning – especially those involving trusts.

A will may be suitable for simple estates with straightforward asset distribution needs while a private family trust is ideal ...

One way families prepare for succession planning is by coming up with a family constitution. This document serves as a moral and operational guide for managing not only family-owned businesses, but ...

Preserving wealth across generations demands more than just naming heirs—it’s a meticulous process involving legal, financial ...

DeVoe’s annual team management survey paints a dire picture of succession planning for aging advisories. The succession concerns for registered investment advisers didn’t just continue in 2024, but ...

Farm Journal is celebrating the next generation of American agriculture. Our goal is to encourage you to plan for the future and cultivate multigenerational success through the transfer of skills ...