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Successful Transfer of The Family Business

​What could be easier than transferring your family business to its natural successor: your heirs apparent, your offspring? If some of your first guesses were peace in the Middle East, increasing honesty in politics, or convincing a teenager that he or she might be wrong about something, you have probably witnessed your share of family-business transfer disasters. 

Statistics widely quoted by Estate Planning writers indicate that "only" one-third of all family-owned business are passed on to the second generation, and "only" 10% of family-owned businesses are transferred to a third generation. Experience indicated that those statistics are wildly optimistic and overstated.

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