PT - JOURNAL ARTICLE AU - Barton Francis TI - Succession Planning AID - 10.3905/jwm.2000.320375 DP - 2000 Apr 30 TA - The Journal of Wealth Management PG - 13--24 VI - 3 IP - 1 4099 - https://pm-research.com/content/3/1/13.short 4100 - https://pm-research.com/content/3/1/13.full AB - The author focuses on the issues related to succession planning in closely-held businesses. He states that working with family businesses affords unique opportunities and challenges, and argues that recognizing their particular strengths and weaknesses – not typically found in publicly owned companies – can provide important insight for successful planning engagements. Listing five important differentiating features, the author outlines and discusses a ten-step process designed to deal with effective succession planning. Turning to implementation issues, he introduced and discusses seven quantitative and nine qualitative tools, which could be used to create a customized solution.