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Too Many Family Businesses Are Without a Succession Plan

The majority of family businesses in the U.S. do not have a proper business succession plan in place for senior roles, according to  a recent report from PricewaterhouseCoopers US Family Business Survey. In fact, 73 percent of family businesses found themselves without a documented succession plan – a trend financial professionals must help their clients combat.

Get Your Clients Thinking About Business Succession Planning

Just as some clients may not want to think about the need for life insurance and long-term care coverage, others may not want to focus on their business succession planning.