Succession Planning

What Should a Succession Plan Include?

Think of a succession plan as a trail map you leave for your business partners, heirs, and successors. It will outline programs and procedures in detail that should be followed in the event of your death, permanent disability, or retirement. A succession plan most likely will include:

  • Instructions for distributing business assets, including stock
  • Buy-sell agreements between you and your partners or heirs
  • Named successors and instructions for each
  • Instructions on how to handle business debt
  • Business valuation
Share Article:
Add to GooglePlus
Investment products are:
  • Not a deposit
  • Not FDIC Insured
  • Not Insured by any federal government agency
  • Not guaranteed by the bank
  • May go down in value

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
BrokerCheck