Christine Sjölin is the Vice President of Strategic Development and Operations at FP Transitions, a specialized consulting firm for wealth managers providing end-to-end solutions for buying, selling, and transforming businesses. Christine joins the show today to discuss the typical succession planning process, as well as how equity ownership deals are generally structured so the younger generations of owners can actually afford the purchase price when valuations can be millions of dollars or more. Listen in to learn the main reasons succession plans fail and the ideal timeline for a successful succession plan. You'll hear tips for how succeeding generations can better prepare themselves to take over a business, whether more firms are opting for external versus internal successors, and advice for newer planners who want to broach the topic of succession planning with their firm owner. You can find show notes and more information by clicking here: https://bit.ly/39P6ixT