Succession Planning

"Some 70% of first generation, family-owned businesses never make it to the second generation"






A simple question

What can prevent a smooth transfer of a business to its successors at retirement, death or disability?


A simple answer

A properly designed and funded succession plan


Here are some of the major benefits of succession planning:

  • Assures a prompt and orderly sale or transfer
  • Eliminates potential conflicts among surviving owners
  • Shareholder's heirs receive a fair price for their interest
  • Profits go to active shareholders, not inactive family members or outside parties
  • Converts an illiquid interest into cash
  • Helps stabilize the business in the eyes of customers and creditors

The Klassman Financial Services Advantage:


We review your personal and business assets, making sure they reflect the wants, needs, and wishes of you and your family. Then our team of independent specialists will explain your options and the steps that need to be taken.



A succession plan that reflects the legacy of the business, the legacy of the owners, and provides for the needs of the families involved.