In this episode of FIN-LYT by EWA, Jamison Smith and the team unpack the complex process of passing a business on to the next generation. With trillions pf dollars set to change hands over the coming decades, they explore why so many succession plans fail and how to do it right.From emotional hurdles and family dynamics to valuation challenges and tax strategies, Jamison shares real-world examples and planning techniques like gifting, installment sales, and family LLCs. They also offer tips for preparing children to take over and ensuring non-involved siblings are treated fairly.Whether you're a business owner or working with one, this episode provides practical insight into building a thoughtful, tax-efficient succession plan.

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