Less than one third of all family businesses survive transitioning to the second generation and only one half survives the transition from the second to third generation. Although it is difficult to face and procrastinated by most, succession planning is a critical process. It is not simply critical for the business unit, but perhaps more importantly critical for the family unit. Poor succession planning processes tear families apart! During this seminar we will focus on the critical issues that surround the transition to future generations. We will share with you comprehensive strategies for the process of both asset distribution and company leadership, how to proactively deal with family situations, how to develop an environment that will encourage future generations’ interest in the business, how to understand when to let go, and basic estate planning concepts.