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Lance Woodbury, a partner at Pinion (formerly K∙Coe Isom), a food and agricultural consulting firm, provides facilitation and mediation services to family-owned enterprises working through communication and conflict, succession and strategic planning, family giving, estate planning and governance.
Learn MoreIn family-farm and ranch transitions, valuable gifts are an integral part of estate-planning strategies. But another set of gifts have a high value but a comparatively low cost: gifts rooted in thoughtful planning and important...
Life is full of transitions. Bruce Feiler, in his 2020 book “Life Is in the Transitions,” offers tools for many of the transitions in our lives, and those ideas apply to family business succession.
As businesses transition from one generation to the next, the type of sacrificial behavior expected, or offered, might change. It’s important to talk about sacrifice and what it currently means to family members involved in...
Here are are eight ideas to bolster your management-succession and estate-planning efforts.