Succession planning is a complicated process with lots of moving parts. (Shutterstock)
There are lots of reasons to think about a succession plan, and it's not all about an agency owner choosing to retire. Life happens. Serious illness, the unexpected death of an owner or divorce might be reasons to sell your interest in the agency. Or you could get lucky, win $100 million in the lottery and move to Tahiti.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
