Legal-Ease: Two principles in business succession and estate planning

Business succession and estate planning are often difficult challenges as each situation is so unique to each family and business. To help clients, Lee has created two primary principles he’d like them to consider while they undertake business and estate planning.

First, Lee believes that mom and dad are always right. Second, he believes that family businesses can remain viable for generations while still treating non-business family members fairly.

Legal-Ease: Fairness in family business succession

Many residents in Northwest Ohio are small business owners, and often these small business owners want to pass their businesses on to their children. But passing on a family business to offspring can present a number of challenges.