As Americans enter the "Great Wealth Transfer," with an estimated $84 trillion or more expected to pass to younger generations over the next two decades, family business owners face critical decisions regarding business succession and continuity. This advisory outlines four principal strategies for family business succession planning: intergenerational succession planning, minority investment, insider sales and third-party sales. Each approach presents distinct legal, financial and operational considerations, underscoring the importance of early, tailored planning to preserve legacy, generate wealth and ensure business continuity. A trusted legal advisor can assist in evaluating these structures and recommend a path forward that most closely aligns with the family business owner's goals.