The Lawyer's Guide to Family Business Succession Planning

    By Gregory Monday

    The Lawyer's Guide to Family Business Succession Planning

    The Lawyer's Guide to Family Business Succession Planning

    By Gregory Monday

    This book provides lawyers with step-by-step guidance on how to lead family business owners through the process to produce an effective family business succession plan that is tailored to the unique circumstances and objectives of the owners and their successors. From initial meeting through completion, this resource offers expert guidance and practical tips to help meet your clients' needs.

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    In family-owned businesses, smart succession planning is the key to sustaining the company in the future with a successful transfer of ownership and leadership to the next generation. To help counsel the family business owners effectively, this guide provides a comprehensive, logical, step-by-step approach to family business succession planning. Each section provides substantive guidance, insights, and resources to help you properly advise business owners, design the structures, and draft the documents to produce an effective, appropriate, and thorough succession plan.

    Organized as a comprehensive outline from initial meeting through completion, each chapter explains key concepts, identifies issues requiring attention, provides practice tips, and references additional resources for further assistance.

    To help you effectively counsel and represent your family business client, this valuable tool includes guidance on:

    • The detailed process of family business succession planning
    • Ethical rules governing the family business lawyer
    • Planning for the sudden loss of a family business leader
    • Business restructuring to create better flexibility and economic efficiency
    • Governance mechanisms tailored to the composition of successor ownership
    • Key contracts with related and third parties
    • Financial resources and security for senior owners in retirement
    • Trusts and trust fiduciaries in family business ownership
    • And more

    Includes an appendix with an outline, checklist, and worksheet.

    About the Author

    Gregory Monday is a shareholder with law firm of Reinhart Boerner Van Deuren s.c., in Madison, Wisconsin. His practice focuses on helping family businesses with respect to ownership, governance, and succession. He received his law degree in 1993 from the University of Wisconsin Law School, where he has also taught as an adjunct professor. He is a member of the State Bar of Wisconsin and the American Bar Association, and he is a fellow with the American College of Trust and Estate Counsel. His articles about family businesses have been published in periodicals including "Business Law Today", "Corporate Secretary, Trusts & Estates, Estate Planning", and "Family Business Magazine". He also writes weekly posts for his blog, "Monday’s Family Business Law" ( For more information about Mr. Monday or to correspond with him, please use the link below.

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    Product Details


    Gregory Monday


    ABA Publishing



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    Publication Date

    6/17/2020 12:00:00 AM

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