How to transfer the family business to next generations?
Timely and properly transferring family assets requires careful planning and training of successors and documenting the rights and obligations of all family members. This should be based on discussions between qualifying family members in which each express their wishes, worries, objectives and ambitions regarding the family and its joint assets. Here the 4 key steps are described which allow for a successful transfer of family owned assets to succeeding generations. Step 1; When to start the transfer process and who should be...
