Dutton do’s and don’ts: Lessons from Yellowstone and Succession on proper succession planning
Overview
If the HBO hit series Succession and Paramount’s Western phenomenon Yellowstone have taught us anything, it’s that the intimate nature of succession planning makes for great television. While these shows dramatize the extreme nature of quarrelling inheritors vying for control of a generational business — verbal and literal crossfires and all — the truth is that the storylines played out in these shows are all too common in the real succession world.
Familial and corporate disasters can and will arise when proper planning isn’t implemented to ensure effective succession of a business from one generation to the next. Thankfully, there are effective and vital planning scripts to follow in order to avoid detrimental outcomes.
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Matthew is a leading authority on a broad range of domestic and international tax planning, primarily for owner-managers and other private corporations, with particular expertise in succession and estate planning for family businesses.
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Partner and Co-Chair, Private Client Services and Tax Groups
