Most family business succession plans fail not because the tax strategy was wrong, but because the family was never prepared to carry what the documents created.
01
The founder waits too long, then has to rush, and rushed decisions become bad decisions.
02
One Child is ready, one isn't, and no one has said this out loud.
03
The estate plan treats everyone equally, even though the business cannot be operated equally.
04
A key non-family executive leaves at the worst possible moment.
"Most succession planning is delivered by financial professionals who learned family dynamics from a book. David is the rare exception."
David Nabity is the founder of Nabity Business Advisors since 1984. He is a licensed pastor and marriage counselor and a known and trusted name in the Omaha market.
