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Estate Planning for Family Business SuccessionEstate Planning for Family Business Succession

Break down the process into two phases.

33 Min Read
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Many of us have heard the family business statistics before, but they’re worth repeating. Approximately 90% of U.S. businesses are family firms.1 They range in size from small “mom-n-pop” businesses to the likes of Walmart, Ford and Marriott. There are more than 32.4 million family businesses in the United States, representing 54% of gross domestic product and employing 59% of the U.S. workforce.2 Thirty-five percent of the businesses that make up the S&P 500 are family controlled.3 Family businesses are also more successful than non-family businesses, with an annual return on assets that’s 6.65% higher than the annual return on assets of non-family firms.4 Unfortunately, only a little more that 30% of family businesses survive through t...

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About the Authors

David Thayne Leibell

Senior Wealth Strategist, UBS

David Thayne Leibell is Senior Wealth Strategist at UBS, a global firm with 150-year heritage. David has given several hundred lectures and webinars to lawyer and nonlawyer audiences throughout the United States and has authored over one hundred articles on charitable, estate and tax planning. He also has been quoted in numerous publications, including The New York Times, Business Week, Investment News, and Bloomberg Wealth Manager and has appeared on CNBC's "Closing Bell with Maria Bartiromo." 

Jacqueline B. Denton

Associate Wealth Strategist, UBS Financial Services, Inc.

Jacqueline B. Denton is an associate wealth strategist at UBS Financial Services, Inc. in Nashville, Tenn.

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