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Friday, 05 September 2008
 
 

'Gifting' Is Number One Destroyer Of Family Business Wealth

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'Gifting' Is Number One Destroyer Of Family Business Wealth

According to the US Federal Reserve, 90% of all North American businesses are family owned. Over the next 30 years, an unprecedented number of those 24 million family businesses, worth more than $10 trillion, will transfer to the next of kin when the owners retire or die. But author and business legacy expert Thomas William Deans warns that much of that family business wealth will be destroyed by a failure to plan for this historic wealth event.
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