Transition events are both planned and unplanned. Planned transitions are foreseen such as transacting the business or transacting wealth transfers. Every transaction is accompanied by a family transition; the family centric view of the transaction that often is not at all similar to what advisors believe is best.
Unplanned transitions happen; premature or sudden events; death or departure of a key figure and more. These challenge perceived control, increase conflicts around money and wealth. These need to be resolved.