What is a pro for an intergenerational transfer?

Choosing "All of the above" as the correct answer effectively captures the multifaceted advantages of an intergenerational transfer.

Business legacy preservation is a critical aspect as it enables family members to maintain the company's identity and values across generations. This continuity can be vital for preserving the business's cultural heritage and for maintaining relationships with employees and customers.

The term "Planned" signifies that an intergenerational transfer often involves careful strategizing and preparation, ensuring a smoother transition. A well-executed plan can mitigate potential conflicts, safeguard the business against disruptions, and create a clear path for leadership roles within the family.

Lower cost refers to the financial benefits that can arise from transferring ownership within the family, often avoiding higher expenses associated with outside sales or the involvement of third parties. This can include reduced taxes on the transfer, as well as savings on brokerage fees or other costs typically incurred in a sale to non-family members.

Each of these elements emphasizes the strategic advantages of structuring a transfer of business ownership to the next generation, highlighting the comprehensive benefits that support the idea of selecting all of them as a viable choice.