Generational Wealth Transfer in Family-Owned Firms: The Art of Passing the Baton

There’s a moment in every family business that feels like a held breath. The founder, gray-templed and weary, looks across the conference table at their son, daughter, or maybe a trusted niece. The numbers are good. The legacy is solid. But the question hangs in the air — how do we actually do this? Generational wealth transfer in family-owned firms isn’t just about signing over stock certificates. It’s a messy, emotional, often beautiful process of passing down values, decision-making power, and — let’s be honest — a fair amount of…

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