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What is the difference between a succession plan and an estate plan?

For more information please contact:

J.C. DeBoard & Co., L.P.A. has offices in Worthington, Ohio and Heathrow, Florida (near Orlando). Our attorneys practice in the areas of Estate and Elder Planning, Business Succession, Business Formation and Acquisition, Contracts, Real Estate, Probate, Personal Injury and Business Litigation.

J.C. DeBoard & Co., L.P.A.
5878 North High Street
Worthington, Ohio 43085
United States

Tel: (614) 847-1660
F: (614) 847-0106.
www.jcdeboard.com

Transcript:

There's a big difference between a succession plan and an estate plan. They are two components of the same idea. However, an estate plan covers your things when you die. A succession plan is for your business so that you can pass on the business either to family members who will be taking over or finding someone who may buy the business so that it continues.