Tag: planning

How Estate Planning Living Trust Works

Posted on January 12, 2017

How Estate Planning Living Trust Works

I must say that estate planning could not have been an easy process at all, but for the existence of an estate planning living trust. An estate planning living trust is an arrangement created which is meant to allow a trustee, instead of an individual, to hold legal title to the assets of another person.

It is possible for a person who is creating an estate planning living trust for their property, to keep control of their property until a subsequent trustee is chosen. (more…)

Frequently Asked Questions About Succession Planning: What Do You Need to Know?

Posted on January 5, 2017

Frequently Asked Questions About Succession Planning: What Do You Need to Know?

    What is Succession Planning?

      Succession planning is the systematic process of preparation for future changes of leadership in key positions. The process aims to identify potential replacements, and equip such candidates with the necessary skills and competencies to take over from the incumbent when the time comes.

    Image Credit: morguefile/mconnors

    How is Succession Planning Different from Human Resource Planning?

    The difference between human resource planning and succession planning is that while human resource planning aims to ensure adequate quantity and quality of employees at all levels, succession planning strives to ensure that competent employees staff strategic positions.

    Human Resource Planning estimates the present and future demand of personnel required for the companys operations. (more…)

Learn the Process of Succession Planning: Tips & Strategies

Posted on November 25, 2016

Learn the Process of Succession Planning: Tips & Strategies

      The importance of succession planning and management is growing as an increasing number of business leaders realize its role in furthering organizational stability. CEOs and human resource managers must understand that the process of succession planning needs to be more holistic in its approach in order to integrate with the corporate strategy of the organization. (more…)