You might hope for an easy transition, but your children could have different ideas about who gets what. Talking about it early could head off divisions.
Many closely held family-owned businesses don’t have well-architected succession plans.
Children often choose to go in different directions, building lives outside the family business, and unaddressed succession issues can create uncertainty and fami… [6724 chars]
Source: Kiplinger | Published: 2026-06-08T09:35:00Z
Credit: Kiplinger
