All exit planning teams should contain a family therapist.

Having a family therapist as part of every exit planning team is not a requirement and is generally not necessary for the exit planning process. Exit planning typically involves business advisors, financial planners, legal experts, and other professionals who focus on the financial and operational aspects of transitioning ownership. While family dynamics can influence decision-making, the primary goal of exit planning is to ensure that the business owner can successfully transfer their business in a way that meets their financial and personal goals.

In situations where family dynamics are particularly challenging or where family members are heavily involved in the business, a family therapist might be a beneficial addition, but this is not a universal requirement. Exit planning can be executed effectively without the need for a therapist, as most exit planning teams concentrate on business logistics, valuation, and strategic planning rather than personal family issues.