Estate planning

A successful generational succession requires proper preparation

Many postpone the decision about a generational succession until the last moment. However, the experience is that thorough preparation provides the best results. There are a great number of legal conditions that must be dealt with in case of generational succession including tax and fee issues, the next generation’s possibilities to procure funding and future company structure. It is therefore often a good idea to start the discussion 5-6 years before the actual transfer of the company from one owner to another. This is where Focus Advokater enters the scene.