Agnes Au-Yeung I look at succession planning where there is a family business as a two-fold process ownership transfer and management or leadership transition. Families need trusts for ownership transfer planning, but trusts, depending on the type and structure, may not achieve business succession planning for families. When the only tool you have is a hammer, everything looks like a nail. A trust is one solution. A trust alone is also often not the entire solution. It needs to be supported...
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