Top Lawyers Q&A: Tim Brynteson, Managing Partner with Otis & Bedingfield LLC

1. How do you remain personally well-informed on estate-planning and business-succession issues?

Through professional journals, continuing education classes and just paying attention to current issues and possible changes in laws or new strategies.  Plus, networking with other professionals in the same field.

2. What are the biggest issues that business owners face in terms of succession planning?

The single biggest issue is finding the right successor, whether a key employee, a family member or third-party purchaser.  This is followed closely, in particular if the succession plan is a key employee or family member, of structuring the financial aspects of the succession that minimizes…