Law Times Article
Most parents put their kids first unless the issue is transitioning a family business.
It’s not that the kids and their future aren’t on parents’ minds. It’s just that most of them don’t realize just how complex the transition process is.
You can’t just do it by deciding that you’re going to do it there and then, says Mary Wahbi of Toronto’s Basman Smith LLP. You need to think about it ahead of time.