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Families need plan to protect, grow wealth

The biggest threat to a family losing its wealth over generations may be internal. Fights over succession planning or individual investment decisions can pull...
SUCCESSION CONSULTANT: Janice DiPietro, CEO of Exceptional Leaders International, is a consultant on succession for family-owned businesses. She recommends ownership changes be planned several years in advance. 
 / PBN PHOTO/
MICHAEL SALERNO

Communicate intent in succession planning to avoid family rifts

The transition of ownership in a family-owned small business doesn’t have to be stressful and emotional, but it can quickly tip in that direction...
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