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June 13, 2013 | 6:07 AM

The Napa Valley Grapegrowers is hosting a seminar, "Succession Planning for the Next Generation," at Meadowood Napa Valley on Thursday, June 20. The event is free and for NVG Members Only.

Join us for a dynamic discussion about how to make the right decisions for your family as you begin the process of transferring your vineyard and/or winery business to the next generation. Topics will include: understanding your objectives; planning your exit strategy - retirement vs. selling the business; determining the best business and family structure to achieve your goals; transferring the business to more than one child; understanding your family dynamics; and much more. Click here to register.

If you aren't a NVG member, and want to learn more about succession planning, look for an upcoming article on the topic in Wine Business Monthly in our upcoming August issue. The article will cover what succession planning entails, and some opportunities for increasing cash flow and value, improving management, and dealing with ownership issues.

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