In this episode of the podcast’s “Life happens” series, host Oscarlyn Elder talks to Truist Wealth’s Lee McCrary (Strategic Client Group) and David Herritt (Center for Family Legacy) about why it’s important for business owners to prepare themselves and their family for a transition. They discuss (time stamps are approximate):

• Introducing Lee and David (1:44)

• Defining pivotal moments (3:23)

• The personal aspects of a major event (5:35)

• The framework for a transition (9:52)

• Preparing your family’s human capital (14:28)

• First steps for business owners (28:03)

• Understanding your values before the transition (34:14)

• What Lee and David have been meaning to do (37:43)

• Closing thoughts from Oscarlyn (40:27)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/life-happens-navigate-pivotal-moments-for-your-business-and-family.

Have a question for Oscarlyn or her guests? Email [email protected].