CEPA CERTIFIED EXIT PLANNING ADVISOR ACTUAL EXAM 2026
QUESTIONS WITH SOLUTIONS GRADED A+ 2025/26
◉ According to the Family Firm Institute, what percentage of family
transitions survive into the second generation? ANS >> 30%
◉ What are the 5 ds? ANS >> Divorce, Death, Distress
◉ Business owners are leaving dollars on the table by not focusing on
what? ANS >> Enterprise value
◉ The advisor of the future needs to get owners and advisors to make
several paradigms shifts for exit planning and value acceleration to
work to the benefit of owners and their families. What is the first
paradigm shift that needs to be made? ANS >> Exit planning is good
business strategy
◉ What is exit planning planning according to Richard Jackim ANS >>
Exit planning asks and answers all the business, personal financial, legal,
and tax questions involved in transitioning a privately-owned business.
It includes contingencies for illness, burnout, divorce and death. The
purpose is to maximize value of the business at the time of exit,
, minimize taxes, and ensure the owner is able to accomplish all his
personal and financial goals in the process
◉ What is exit planning according to Chris Snider? ANS >> Exit
planning combines the plan, concept, effort and process into clear,
simple strategy to build a business that is transferable through strong
human, structural, customer and social capital. The future of you, your
family and your business are addressed by exit planning through
creating value today.
◉ True/False Exit Planning is Simply good business strategy. ANS >>
True.
◉ After a year, of selling the business how many business owners regret
the decision? ANS >> 3 out of 4
◉ How many businesses in the market do not sell? ANS >> 70-80%
◉ How many family-owned businesses survive into the 2nd generation?
ANS >> 30%
◉ According to 2013 Epic State of owners Readiness Survey, how
many owners are not familiar to their exit options? ANS >> 66% are not
familiar with exit options
QUESTIONS WITH SOLUTIONS GRADED A+ 2025/26
◉ According to the Family Firm Institute, what percentage of family
transitions survive into the second generation? ANS >> 30%
◉ What are the 5 ds? ANS >> Divorce, Death, Distress
◉ Business owners are leaving dollars on the table by not focusing on
what? ANS >> Enterprise value
◉ The advisor of the future needs to get owners and advisors to make
several paradigms shifts for exit planning and value acceleration to
work to the benefit of owners and their families. What is the first
paradigm shift that needs to be made? ANS >> Exit planning is good
business strategy
◉ What is exit planning planning according to Richard Jackim ANS >>
Exit planning asks and answers all the business, personal financial, legal,
and tax questions involved in transitioning a privately-owned business.
It includes contingencies for illness, burnout, divorce and death. The
purpose is to maximize value of the business at the time of exit,
, minimize taxes, and ensure the owner is able to accomplish all his
personal and financial goals in the process
◉ What is exit planning according to Chris Snider? ANS >> Exit
planning combines the plan, concept, effort and process into clear,
simple strategy to build a business that is transferable through strong
human, structural, customer and social capital. The future of you, your
family and your business are addressed by exit planning through
creating value today.
◉ True/False Exit Planning is Simply good business strategy. ANS >>
True.
◉ After a year, of selling the business how many business owners regret
the decision? ANS >> 3 out of 4
◉ How many businesses in the market do not sell? ANS >> 70-80%
◉ How many family-owned businesses survive into the 2nd generation?
ANS >> 30%
◉ According to 2013 Epic State of owners Readiness Survey, how
many owners are not familiar to their exit options? ANS >> 66% are not
familiar with exit options
