Skip navigation

Succession Planning When There’s No Clear Successor

Protect the value of the business in the case of an owner’s death or long-term disability.

Ideally, business succession planning should be an orderly process of transferring the ownership and management authority from a senior group of owners and managers to a successor group. This transfer may occur from the senior members of a family to more junior generations or with an unrelated group of founders who are ready to retire and transfer to key employees or purchasers of the business. A growing number of successful closely held companies have no clear successor ready and in place to

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.

If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.

Questions about your account or how to access content?

Contact: [email protected]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.