Legally Scaling

Succession planning: how to get it right, and what can go wrong if you don't


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Ignition Law’s Jake Schogger hosts a detailed discussion on how business owners, entrepreneurs and executives can effectively plan ahead for their futures, and what can go wrong if they fail to do so.

Jake is joined by James Winfield, a consultant in the Ignition Law Wills & Estate Planning team who has more than 19 years’ experience advising business owners, high net worth individuals and families on matters ranging from succession planning and estate administration, to wills, trusts and inheritance tax planning.

Together, we discuss the main reasons why business owners and leaders don’t tend to plan for the worst, the succession planning documents and processes you should consider as early as possible; wills, lasting powers of attorney, shareholders’ agreements and cross-option agreements; and certain tax rules that can benefit (or hinder) business owners if not effectively navigated.

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Legally ScalingBy Ignition Law