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Home > Our Resources > Webinars > How To Transfer A Successful Family Business To The Next Generation

How To Transfer A Successful Family Business To The Next Generation

Seven Key Areas To Build Your Action Plan

With Robert Legan, Senior Vice President

Transferring a family business is very complex because it changes three things that are near and dear to you: your business, your family and your wealth. This is one of the most significant financial decisions that you will ever make. More importantly, this event could substantially alter the very fabric of your family for better or for worse. How you handle this process could mean the difference between a prosperous business that a united family is ready to lead for generations or an unstable business that is the center of disharmony and soured family relationships.

There is simply too much on the line not to have a well-thought-through plan. But what should be in your plan? What steps should you take? Join Robert Legan, Senior Vice President at Whitnell, as he walks you through the seven key areas to take action:

  1. Assemble Your Team
  2. Assess Your Personal and Family Goals
  3. Develop Your Personal Financial Plan
  4. Formalize Your Business Succession Plan
  5. Discover Your Business’s Actual Value
  6. Develop Your Equity Transfer Strategy
  7. Execute Your Plan

In under 20 minutes Mr. Legan provides a roadmap to building a successful transfer plan. He states: “I believe that a thorough process, based on best-practices, can help address all stakeholder needs. The clients that I have served on these matters have successfully transferred their businesses, satisfied family goals and most importantly – preserved the integrity of family relationships.”

Fill out this form to access the webinar now.


The situation presented here is an illustration based on real life circumstances. It demonstrates the approach Whitnell might use to resolve a complex set of issues related to the transition of a privately owned business. Please note we have changed the names and details in this situation to protect the privacy of the client. We believe the information provided here is reliable but do not warrant its accuracy or completeness. The information contained in this webinar is provided for informational purposes only.

No information presented here should serve as the receipt of, or as a substitute for, personalized advice from Whitnell. Whitnell is not a CPA or law firm nor does Whitnell render legal advice. Whitnell recommends that you obtain the advice of trained professionals in the appropriate fields such as law, tax, accounting and/or insurance.


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BOB LEGAN - view full bio

mia erickson

“I enjoy serving ultra-affluent families because I value trust and discretion. They often have very complex financial lives and multi-generational stakeholders who see things in different ways. I find satisfaction in leading a team of advisors in a united effort to serve these families exceptionally well.”