Succession Planning Big Part of Family Businesses

in Estate, Trust & Probate, News

Weston Hurd Partner, Jerry Goldstein, was recently quoted in the Cleveland Jewish News (March 15, 2019) in the article “Succession Planning A Big Part of Family Business.” According to Jerry, “(Family businesses) represent the largest portion of a family’s wealth. If you don’t pay attention to it, funny things can happen. Also, it’s often the principal source of family income. A family business also represents the most operationally complex family affair. It doesn’t operate itself – it takes care and management. Obviously, the owner isn’t going to live forever. If you don’t pay attention today, tomorrow may be too late.”