Mon, 5 Jun 2023 13:00:00 UT

Half of Business Owners Do Not Want Their Children to Inherit, Run Business

SAN FRANCISCO--(BUSINESS WIRE)--Operating your own business is considered an “American Dream” by many, yet when it comes to succession planning, half (52%) of business owners do not want their children to inherit and run the business, according to a recent Wells Fargo study. On behalf of Wells Fargo, Versta Research conducted a national online survey of 1,008 “wealth creators,” defined as U.S. adults aged 50 or over who have at least $1 million in investable assets, excluding those who inherite ...

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