The Murdochs had a much-reported inheritance battle, but smoother transitions are possible.

A well-considered estate plan, revisited frequently, can make the difference between a successful business succession plan ...

This story previously appeared on principal.com. The "what ifs" help you create an adaptable succession plan Owning a small business and managing stress have always gone hand-in-hand. And those ...

Understand the importance of succession planning in finance. Learn how proactive strategies can ensure long-term success.

According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

While the exact statistics vary across different studies and surveys, the general consensus is that a significant portion of businesses lack a comprehensive succession plan. According to a survey ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In business, few topics carry as much weight — yet ...

Just 13 percent of family business members in the next generation say the business would “continue to run smoothly and without interruption if an important family employee moved on, retired, or passed ...

Emotional ties, identity, and unspoken family dynamics often outweigh paperwork in determining whether a farm succession ...

As Michigan farmers enter 2026, they face a rapidly evolving landscape with new legal challenges and opportunities. Regularly reviewing the ...

University of Idaho Extension is surveying eastern Idaho farmers to improve farm succession planning workshops and address challenges families face in preparing for the future.