“All in the Family – Transition Strategies for Family Businesses” in Bloomberg Tax

Scot Kirkpatrick, Stephen Heymann and Jasmin Severino's article on “All in the Family – Transition Strategies for Family Businesses” in Bloomberg Tax

In an article published November 9, 2022, in Bloomberg Tax, Scot Kirkpatrick, Stephen Heymann and Jasmin Severino discuss key estate planning strategies to consider for a family business transition.

The attorneys advise, “Television’s Archie Bunker created estate planning poetry when he exclaimed: “Somebody’s gotta be dead. That’s life!” While the reality of death is uncomfortable to think about, all business owners must plan for it lest they leave their families a mess rather than a blessing. In the context of a family-owned business, the failure to properly plan for disability, death or the ultimate transition of the business can lead to disastrous financial consequences for the business and the family as a whole.”

To learn more, read the full article by clicking here.