The Lawyer's Guide to Family Business Succession Planning


Book Description

"This book provides lawyers with step-by-step guidance on how to lead family business owners through the succession planning process to produce a result that is tailored to the unique circumstances and objectives of the owners and their successors."--Back cover.




The Lawyer's Guide to Succession Planning


Book Description

This book provides guidance on succession and transition processes, approaches, and step by step action plans for solo practitioners, sole owners and members of larger law firms.




Passing the Torch Without Getting Burned


Book Description

For law firms, succession is a fact of life: founding partners retire, rainmakers depart, and in the meantime, client relationships must be preserved. Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning is a comprehensive examination of the key economic issues typically encountered by law firms when they consider how partners end their careers, as they inevitably must. Peter Giuliani, an experienced law-firm management consultant, illustrates common retirement issues and their resolutions through "real life" case studies from his years of consulting experience.




Saving the Family Cottage


Book Description

Estate planning for family cottages and cabins When family members inherit a vacation home together, problems are often unavoidable, given that the new co-owners may have different financial circumstances or emotional attachments to the family cottage or cabin. But you can head off damaging family squabbles by developing a legal structure (typically an LLC) to take care of the business of ownership. Whether you’re planning to pass on a cottage to your children, or you’ve inherited a cabin with your siblings, Saving the Family Cottage provides practical, legal solutions for preserving a beloved family property for generations to come. You’ll learn how to: keep the peace (and avoid fights) among siblings over jointly-owned property prevent a family member from forcing a sale of the cottage or cabin keep your vacation home out of the hands of in-laws and creditors, and make a smooth transition from one generation’s ownership to the next. The fifth edition is updated to reflect current tax laws, including state property tax laws which affect choice of legal entity. It also includes an expanded discussion of legal issues when renting a family cottage or cabin on Airbnb, VRBO, or similar rental services.




Estate Planning


Book Description

Trusts and estates practice is being increasingly recognised as an occupation within the legal, accounting, tax and financial services professions. Estate planning remains the strategic advisory component within this practice. An essential resource for practitioners and students involved in trusts and estates practice, this easy-to-use, practical and comprehensive guide will enable you to understand and deliver effective estate planning services using the principles, precedents, practice points, case notes and discussion questions contained in this book. Included in this edition are the legislative changes enacted since the first edition, such as changes to wills and estate law arising from the commencement of the Succession Act 2006 (NSW) on 1 March 2008 as well as changes to income tax and superannuation laws since 2005.




The Succession Solution


Book Description

If you are a business owner, or you are working with one, then this book is for you. The Succession Solution provides both an explanation of the importance of succession planning, as well as a practical, straight-forward, and proven system that can be used to continue your business to the next generation, whether your successor is a family member(s), an employee, or a third party.This book will show you how to achieve a successful transition of your business to the next generation of leaders. In fact, if you read and follow the steps outlined in this book, you will dramatically improve the survival and prosperity of your company's future.




Where Will the Mantle Fall?


Book Description

"And he took the mantle of Elijah that fell from him, and smote the waters, and said, Where is the LORD God of Elijah? and when he also had smitten the waters, they parted hither and thither: and Elisha went over" (II Kings 2:14 KJV).Where Will the Mantle Fall? A Biblical and Legal Guide to Succession Planning dives into the scriptural and legal aspects of succession planning: the person, the process, and the people. Topics include discussions of both successful and unsuccessful leadership transitions in the bible, characteristics of successors, common myths about succession planning, and issues with nepotism. The book also discusses legal aspects of succession planning such as church bylaws, estate planning, preparation for retirement, disability, and ultimately the death of the leader. If you care about the future of your organization after your retirement, disability, or death; succession planning is a must and this book is a must read on the topic. One day the mantle will fall, the question is where. Will the mantle fall to an Elisha who will double your level of success or will the mantle fall to a Manasseh who will tear down the kingdom and everything you have established? Bishop T. Travell Travis, Esq. is the founding pastor of City of Refuge Way of the Cross Church in Richmond, Virginia. He is a graduate of the University of Virginia and Howard University School of Law. Bishop Travis is licensed attorney and is a college professor at Hampton University, teaching courses in entrepreneurship and business law. Bishop Travis is also the author of Don't Eat the Baby: The Characteristics of a Cannibalistic Church. He is married to the former Sherina Mason of Philadelphia and resides in Richmond, Virginia with his wife and three daughters: Deonna, Janiyah, and Amiyah.




The Business in Transition


Book Description




The Lawyer's Guide to Governing Your Firm


Book Description

This guide is a practical resource for those firms that want to provide better client service and at the same time, improve the working environment for both lawyers and staff. It provides strategies to change the climate of the law firm, boost morale, and effectively and efficiently manage the firm. Issues discussed range from leadership and partnership issues to the basics of running the office. Includes a companion CD-ROM with more than 25 model forms, agreements, worksheets, questionnaires, policy forms, and more.




Dynastic Planning


Book Description

This book is designed to be a guide to demystify the journey leading to preserving family legacy. It is based on the fact that a family business is a partnership among its members, and that the most successful family business succession plan is the one devised by the family itself. In this book, the author shares his unique experience working with hundreds of business families and next-generation family business entrepreneurs from across the world. His 7-Step MethodologyTM offers an innovative and a systemic approach to family business succession planning and related conflict management. It focuses on the importance of maintaining an open dialogue among family members, and it paves the way to a structured conversation among those interested in achieving an orderly transfer of wealth from one generation to another. The author further discusses the elements that traditionally cause tensions among partners who happen to be family members, and offers solutions that have been tried and tested over two decades and that are based on real-life examples and success stories. This text is designed for families in business who wish to start a succession planning conversation and to family business advisors invited to facilitate such a conversation.