Many families have stories about what goes wrong when transition planning is ignored. Lance Woodbury (pictured at top) specializes in legacy planning, land transitions and succession for more than 25 ...

ROCHESTER, N.Y. — When it comes to business succession planning, there are lessons to be found in the journeys of others. The Rochester Business Journal talked to three professionals to find out ...

Integrated estate and succession plans ensure a much better outcome for business owners keen to secure their legacy. Here's ...

Succession planning is fraught with potential missteps. By examining common mistakes, businesses can employ proactive measures to sidestep pitfalls that have ensnared others. Delaying the Planning: ...

Industry participants have articulated the risks of not having a succession plan for years: lack of continuity for clients, inability for advisors to realize the value of their life’s work, and risk ...

Succession planning is often treated as a standalone issue, yet it is a piece of the puzzle that interlocks with every aspect ...

Current farm owners should evaluate their tax situation to learn the best steps to transfer to the next generation, but “this ...

Retirement plan advisers are constantly thinking about their clients’ futures—but it’s becoming equally important for them to strategize for their own firms, too. Earlier this year, consultancy ...

Transitions can be messy. Change is hard enough on a personal level, and the idea of company change may feel overwhelming.

Chief human resource officers often play a more critical role than chief executive officers in CEO succession planning, particularly when defining the process, shaping criteria and objectively ...

University of Illinois Extension hosts an April 7 workshop in Lena to help farm families start succession planning and family conversations.