Assessment: Is Your Plan Complete?

Satisfaction: the feeling you get when overcoming a challenge, completing a difficult task, or learning a new skill. Succession planning has been likened to all of these and more. It is challenging, difficult and for most, new. But if you’ve done it, made the decisions, put ink to paper, and shared your results with interested family members, you can check it off your to-do list---right?

Not necessarily. Not all plans are created equal. Not all plans address your goals and ensure financial security, a smooth ownership transition, adequate leadership development, or mitigation of the estate tax.

If you think you’ve got it all done, but want to be sure, the following set of questions will help you think it through. Make sure your plan addresses your goals and creates the legacy you want to leave. Respond Yes, No, or N/A to each item – and make note of any details and special considerations.


Note: Once you have initiated your 'Is Your Plan Complete?' notes, you may save and/or print your notes. Your responses will be archived in MyConnect (upper right of any webpage, within tools tab), to access for continued note-taking and to print.


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