The road map for succession planning becomes more complex

Dealer Tim Smith and his daughters, Anne Boland, left, and Catherine Andrews, act as partners at two dealerships in Calabasas, Calif. Smith, 73, said he trusts his daughters to make the right decisions as he transitions away from the business. (JESSICA FRANZ)

October 13, 2019 11:55 PM

CALABASAS, Calif. — Tim Smith loves working with his daughters, helping them prepare to take over the family business. He knows not everyone is so lucky.

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