The Brutal Truth: Why Families Only Plan After Someone Dies

“Look, I’m moving overseas next year. I don’t want to run the business anymore.” One phone call from a son. An entire succession plan just got blown up. Here’s the brutal truth about transition planning: it’s never a high priority until someone gets sick or dies. It’s always “a good idea we’re going to get to” – until 2 years later, you’re still getting to it. Then reality hits. And you scramble. Why most families wait too long to plan succession (and what forces them to finally act).