Fundamentals of Succession Planning

Knowledge Bureau Certificate Courses

Categories: Succession & Estate Planning

Your Instructors: Jenifer Bartman

PROGRAM: Succession and Estate Planning Services Specialist

The objective of this course is to provide an overview of the fundamentals of succession planning, enabling advisors to understand the key concepts in this important area and assist clients in developing a succession plan for their business.


This course is designed in a practical format and will help an advisor become a valuable resource to their clients in the succession planning process. Key concepts include understanding the importance of succession planning for the business and key positions within the business; role and financial issues, from both the business leader and successor perspective; succession plan implementation; addressing the impact of succession on employees and the business as a whole; and succession of the business to third parties.

CERTIFIED SKILL SETS: This course will enable the student to:

  • Understand the importance of the planning process, and how routine planning in the business is an important precursor for succession planning.
  • Differentiate and understand the relationship between succession planning for key positions in the business and for the business as a whole.
  • Coach business leaders/potential successors as to the role and responsibility issues that they should consider when conducting succession planning, particularly in terms of personal implications.
  • Identify the key financial issues that business leaders/potential successors should consider when conducting succession planning, and the impact that the decisions they make can have on their future financial position.
  • Understand the key aspects of succession planning implementation.
  • Assist clients in times of problems in the implementation process, including a failed succession attempt.
  • Assist a business leader in understanding the options and process for pursuing succession to a third party.

PRACTICE MANAGEMENT THESIS: To test the learning process, the student will answer multiple choice questions and work through a mini true-to-life case study.



Quizzes 40%
Case Studies 30%
Final Exam 30%
Passing Grade 60%
Honours Achievement 90%


Related Programs

Executive Business Growth Program
Master Financial Advisor
Master Financial Advisor

Table of Contents

Chapter 1:
Introduction to Succession Planning
Chapter 2:
Essentials of Planning and the Planning Process
Chapter 3:
Key Positions that Require Succession Planning
Chapter 4:
Role and Responsibility Issues for Business Leaders
Chapter 5:
Financial Issues for Business Leaders
Chapter 6:
Role and Responsibility Issues for Successors
Chapter 7:
Financial Issues for Successors
Chapter 8:
Succession Plan Implementation
Chapter 9:
Succession of the Business to Another Organization
Chapter 10:
Succession Planning: Specialized Situations

What Graduates Say

I gained greater understanding of the stages of development of a business and the importance starting the succession planning process early, particularly as a risk management tool. I also got a much better understanding of depth of risk management and the importance of proactively seeking and implementing risk management solutions. I found this course very practical and directly useful for my personal family affairs as well as my professional position as a financial advisor. I believe this is a course that can help provide guidance to anyone who has to deal with their own family or client's business issues. Taking this course provides an understanding of the dynamics involved and arms you with the fundamentals that you need to build on to become an effective advisor within your specialization. Thank you putting this course together. I've been looking for a course like this for a long time, and I'm very excited, inspired and eager to move onto my next course. Phyllis B., ON