Deep Experience That Drives Successful Transitions
At Magnolia Legacy Partners, we leverage decades of experience guiding complex generational transitions to deliver highly personalized, white-glove service to select business-owning families.
Why Experience Matters in Succession Planning
Generational transitions are inherently personal. For many families, the enterprise is not just wealth — it’s intertwined livelihood, relationships, and legacy.
That’s why experience matters.
Our team’s experience advising ultra-high-net-worth families and nationally recognized private enterprises across estate, tax and governance matters allows us to identify what others miss, combining technical knowledge with an understanding of the human factors that determine whether transitions succeed.
We serve as a stabilizing force in moments of uncertainty, uncovering hidden risks and interconnected challenges that are often overlooked when advisors operate in silos.
More Than 25 Years in High-Stakes Transitions
Magnolia Legacy Partners is led by Steven Schermer, whose career spans more than 25 years advising ultra-high-net-worth, business-owning families through succession, governance and ownership transitions. His experience includes working alongside families with nationally significant, privately held enterprises, including Forbes-recognized families, where discretion is essential and the margin for error is small.
Flag early warning signs long before a transition begins
Identify where well-intentioned estate plans typically break down in practice
Recognize how governance gaps quietly introduce instability over time
Facilitate difficult conversations discreetly to prevent larger issues later
Pinpoint where families consistently underestimate risk until decisions become urgent
Evaluate next-generation ambitions and capabilities against the needs of the enterprise
Clarify roles and responsibilities and maintain accountability over time
Work with existing family advisors (legal, tax, accounting, investment, etc.)
Because our work is confidential and relationship-driven, Magnolia Legacy Partners serves a small, carefully selected group of families. This ensures sustained senior-level attention and the depth required for complex family, enterprise, and governance transitions.
Built on Decades of Insight
The Succession Playbook
Grounded in decades of real-world experience, Magnolia Legacy Partners offers the Succession Playbook — a highly customized, family-specific roadmap that, when followed, will help the family avoid pitfalls in succession.
Begin Your Transition with Confidence
Succession failures rarely come out of nowhere. They follow quiet patterns — internal misalignments, unspoken expectations, and unclear authority.
Magnolia Legacy Partners identifies these risks early and creates a strategic roadmap before fissures become fractures. Contact us to start a confidential conversation and explore how Magnolia Legacy Partners can guide your family through a successful generational transition.