Episode 4 of The Succession Strategy looks at how family business owners can prepare for an orderly transition to the next generation.

Vincent and Flora work through a common scenario that explores two parents ready to retire with one child who has run the business for 15 years, while the other has no interest in it at all. They delve into what is fair and equal, and why the structure that suited one generation may not suit the next. By looking at topics like tax, finance, governance, and wills, they work to explain a clear pathway for succession.