The Family Business Life Cycle: Creating & Distributing Wealth

Wealth can be created at each stage of the life cycle of the family business. The foundation established early on will create a harvest at a later time. Many families experience turbulence when transitioning their businesses (and wealth) to the next generation. It needn’t be so. Being proactive in your approach to this critical subject can successfully prepare the recipients of your wealth and ensure the continuity of your business, and your legacy. We know what issues typically arise at each step along the journey—the key for clients is to anticipate and prepare for them throughout the various stages.

In this informative presentation, Wealth Advisors Ron Haik and Karisa Schaitel alongside our in-house family dynamics expert Rick Goossen, shared the most common obstacles families face when creating wealth through the life cycle of the family business and what you can learn from the mistakes we commonly see in family businesses.