Planning ahead is an essential part of life. But what can that look like for your business and retirement? For some, it's a succession plan. For others, an Employee Stock Ownership Plan (ESOP) might be a better option. Andrew Williams demonstrates why an ESOP could work better for you and how it can keep your legacy around.

Signed into law at the end of 2022, the SECURE 2.0 ACT of 2022 includes provisions that, in general, favor and promote employee ownership through Employee Stock Ownership Plans (ESOPs).

ESOPs have long been favored in legislation on a bipartisan basis, and it seems that entrepreneurs and business owners will be able to count on their availability to use as a unique succession planning tool.