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Trust expert: transfer wealth to successors in small portions: changing tax rules worth looking into.

Publication: San Diego Business Journal
Publication Date: 31-JUL-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Trust expert: transfer wealth to successors in small portions: changing tax rules worth looking into.(Coghlan Financial Group LLC)

Article Excerpt
"Ninety percent of the 21 million U.S. businesses are family-owned, and one-third of the Fortune 500 are either family-owned or family-controlled. Yet only 30 percent of family-run companies today succeed into the second generation. An even smaller 15 percent survive into the third. The reason, according to many experts, is obvious: the lack of an orderly succession plan."

Pulled straight from the U.S. Small Business Administration's Web site, it appears that San Diego's family-run business owners,...

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