If you prefer to listen to proven techniques about succession planning rather than reading about them, this TWIN CD was made for you. Sprinkled with some of Mike Henning’s best stories, examples and humor, you will learn how successful families work together, create the future they desire, thoughtfully prepare the next leader(s) of the company then choose the one successor or successor model for the next generation.
The discussion about estate planning focuses upon issues from tax savings to when it makes sense to share information with your adult children to understanding revocable and irrevocable trusts.
Finally, Mike tackles the “silent ticking time bomb” called fairness in estate planning. He will share his insight on how to give it all away and be “fair” at the same time. Other topics include learning what being fair means and how to arrive at your family’s definition of fairness, and explain 10 different methods to achieve fairness without equally dividing the business between your active and non-active business children.