On June 25th, Vlerick MFM Alumni organized an event focusing on succession and transfer of family businesses. Over 80 alumni attended to learn about the different aspects of transferring a family-owned company. The key message was that succession or sale of a family business requires careful preparation of both legal/financial and emotional/relational aspects. Speakers discussed the implications of inheritance law, characteristics of family firms and role of external investors, preventing family conflicts during succession, and elements essential for continuity of a family business such as long-term vision and good governance. Questions from attendees focused on potential tensions between investors and families during sale and governance to preserve long-term value creation and family well-being.