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July 7, 2008
Estate Planning and Family Business Owners
According to surveys conducted by U.S. Trust, Bank of America Private Wealth Management, Campden Research, and Prince & Associates, approximately one in four family-business owners do not have an estate plan.
Here are the reasons cited for this failure:
- Too difficult to deal with (55%).
- Don't have time (24%).
- No need (17%).
- Too expensive (4%).
See Jae Yang and Alejandro Gonzalez, Estate Planning, USA Today, June 24, 2008, at B1.
July 7, 2008 in Estate Planning - Generally | Permalink
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