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Business Succession Planning May Be Easier than You Think

May 2, 2022 by Elizabeth Neyens

Many Estate Planning attorneys shy away from business succession planning, but if you approach it like you do any other asset, it’s not so scary! First, it’s important to understand that entities involve not just the business relationship, but family relationships as well. Often, businesses start with one or maybe two members of a senior generation who have the funds, desire, and connections to create the business. It’s not always clear, though, what will happen when that senior generation retires, or worse yet, dies unexpectedly. Read on to learn more.

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Elizabeth Neyens
Elizabeth Neyens
Elizabeth Neyens currently practices in Woodbury, Minnesota, primarily in the areas of estate planning and, probate, which are two areas that involve family transitions, challenging circumstances, thoughtful decisions, and careful planning.Elizabeth aims to be not only a legal advocate, but also a calming influence.
Elizabeth Neyens
Latest posts by Elizabeth Neyens (see all)
  • Business to Business Spotlight |Anne Lucas: Coldwell Banker Realtor - June 9, 2022
  • Business Succession Planning May Be Easier than You Think - May 2, 2022
  • What an In Terrerem Clause Can Do for You - May 2, 2022

Filed Under: Attorney, Business succession, Estate Planning, legal education

About Elizabeth Neyens

Elizabeth Neyens currently practices in Woodbury, Minnesota, primarily in the areas of estate planning and, probate, which are two areas that involve family transitions, challenging circumstances, thoughtful decisions, and careful planning. Elizabeth aims to be not only a legal advocate, but also a calming influence.

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Neyens Law PLLC,
Oakdale, MN (Main Office)
600 Inwood Ave N, Suite 235,
Oakdale, MN 55128
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