If you run your own company, select someone who can take over your business just in case you become disabled or die. If you are grooming a son or daughter, niece or nephew, in a managerial position, make sure they know these individuals who affect your business:

• Your top managers from whom information, advice and support can be accessed.
• Your business lawyer (and your insurance consultant) may advise as to any existing life or disability insurance policies and associated buy-sell agreements.
• Your bookkeeper and/or accountant can facilitate payroll functions, locate financial papers, loan documents; list suppliers, accounts receivable and accounts payable; and report on any taxes due.
• Your main customers and their ongoing needs.
• Your banker can avoid having a loan called in your absence; therefore it is important that your successor build a conversant, trusting relationship