I dislike advertising the death of famous people, so this post is not different. However, death is not always as predictable as a recent famous death.
A relative of mine fought death for months. He knew his odds and while fighting, made sure his family knew what they needed to know. From his bed in hospice he spoke to fellow experts on how to best repair and replace problem equipment. Shortly after his admission to hospice, phone calls between friends, and technical advisory calls they all knew. No surprise and people were prepared.
Today, you die. What happens to your business? Who controls invoices to your customers and vendors? Will your family understand insurances, business connections, accountants, and lawyers? No matter how swift your death, the living chaos behind will last for possibly years.
Think about it. Plan for it. I never met someone who outlived life. Succession is necessary.
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