Family Succession Planning

http://www.family-business-experts.com/family-succession-plan.html
This article points out the importance of a family succession plan that includes the goals of the family members who are involved in the business. It talks about defining whether the company is a family- first business or a business-first family- a decision that should guide the family in forming the plan.
One thing that I thought was especially important was making the plan before the family leader dies. Some family leaders don't share plans, instead surprising the other family members at the reading of the will.