Family Wealth Transition Planning: Advising Families with Small Businesses.

• Author: Fink, Philip R.
• Position: Brief article - Book review

Family Wealth Transition Planning: Advising Families with Small Businesses, by Bonnie Brown Hartley and Gwendolyn Griffith (Bloomberg, 2009), contains guidance for practitioners on developing wealth transition plans for family business enterprises. (The book emphasizes "transition" rather than "succession" planning.) It focuses not only on financial capital but also on the human and social capital that is vital to family wealth. Topics covered include the adviser's role, patterns of wealth behavior, and wealth transition structures. The authors offer a...