Many of our clients wonder when and why they will need to consider a transition for their practice.  For some, the transition is expected because an owner wants to bring on a partner, bring an adult child or other relative into the business, retire, or otherwise change the dynamic of his or her ownership of the organization.  Other times, the transition comes shockingly at the point of a death, disability, or divorce of an owner or other key employee.  One o the most crucial elements to a seamless transition is preparation.  If you own or manage a closely held practice, you should have a transition plan in place that covers everything from wealth preservation to disaster planning and everything in between.