The Golden Key to Spousal Business Succession


A state of temporary confusion typically engulfs a loved one when notified that their husband or wife has just been in a serious accident or passed away. The atmosphere is often charged with high emotion. Suddenly the world is turned upside down for the surviving spouse. Soon life-altering decisions will have to be made, especially when a family business is involved.

Consider the story of Amanda whose husband Tory was seriously injured while riding his motorcycle. Even though she had worked in their business, she was totally unprepared to replace Tory as principal operator. It was apparent that the business … Read the rest