Succession planning is one of the most critical decisions an adviser can make in his or her career.

A lifetime's work - including finances and legacy -- hang in the balance. Too many advisers continue to postpone their succession plan — at their own peril. Indeed, the Department of Labor's new fiduciary rule has underscored the need for prompt action.

Succession issues such as valuation, successor selection, preparation, transition and a firm's culture are formidable. "Successful Succession: Best practices from top advisers and firms" will help advisers navigate the challenging issues they will encounter in formulating a succession strategy.