“For many mothers who start companies, the business is an inheritance plan from the outset – and financial advisors say succession planning should begin just as early. Two-thirds of business-owning mothers said building generational wealth for their children was a major reason they launched, and 48% expect their kids to take over the company one day, according to a recent SoFi survey of 1,000 mothers who own businesses.
“For advisors, that turns a client's operating company into an estate asset and a succession question long before any transfer takes place. The planning gap is wide. A study by Edward Jones and NEXT360 Partners found only 37% of business owners had a financial advisor helping them prepare for succession.”
(continued)
● “Succession planning for business-owning moms starts on day one,” Investment News, 10/7/26:
ARTICLE LINK: https://www.investmentnews.com/practice-management/women-and-mom-businesses/268430
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