Wealthy Families Need More Than a Financial Succession Plan: They Need a Process

A true succession plan is about much more than an estate plan. It’s about fostering open communications and getting your family on the same page about your values and your goals.

(Image credit: Getty Images)

Wealthy families can have balance sheets as large and complex as sizable businesses.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Sara Montgomery
Associate, Plante Moran

Sara Montgomery is an Associate at Plante Moran working with company advisers to provide family education and family philanthropy resources, guidance, and expertise. She is a graduate of the University of Denver, where she received her B.A. in international studies and an international M.B.A. in finance.