To effectively manage the complexities of succession planning, we follow a proven process designed to help you ultimately reach your destination by taking it one step at a time.

1. Identify and review priorities
2. Establish goals and objectives
3. Identify a buyer or successor
4. Develop the succession plan
5. Integrate personal planning goals into the plan
6. Establish transfer methods (e.g. retirement income streams, buy-sell agreement, deferred compensation, trusts, ESOP, Family Limited Partnerships, etc.)
7. Implementation
8. Review and monitor the plan

During each step of the process, we work closely with you to:

• Create a dialogue and process for you to begin to address the issues of succession
• Coordinate planning with your other advisors
• Establish goals and timelines
• Plan for your retirement and family’s cash flow needs
• Plan for the tax-efficient allocation of assets if your choice is to sell the company
• Select appropriate wealth transfer strategies to minimize transfer taxes
• Implement and fund the plan
• Communicate and update the plan periodically