Seventy percent of U.S. wealth is in the hands of family-owned, closely held, middle-market SMEs. Intergenerational studies show that most of these businesses are sold, as opposed to carried on by the next generation), and that the wealth of these selling families erodes, while those that are kept in the family preserve wealth, with the latter suffering just one-third of the “casualty” rate of the former.

… Read Original Article by Todd Ganos at Forbes Blog Pulse