One way to maximize communication in the succession process is to create a family council.

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A family council is a useful tool for succession planning as it provides a platform for open communication and collaboration among family members, enabling them to discuss and share their perspectives, goals, and concerns about the succession process. The family council can act as a forum in which family members can voice their opinions, ask questions, and offer solutions to issues related to succession planning, leading to better decision-making and a smoother transition of business ownership and leadership.

One Way to Maximize Communication in the Succession Process Is