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Gender still influences decisions over family business inheritance

By Attracta Mooney

The gender of next-gens is more important than birth order or financial needs to many wealthy parents who are faced with deciding who will inherit the family business.

That’s according to a study by Barclays Wealth, which found that gender was ranked as even more important than the child’s willingness to take over a business.

A third of the 2,000 high net worth individuals questioned said gender was important when deciding how to divide wealth, compared to just a quarter who did not.

“The decision in relation to passing on the family businesses can be particularly complex, as the issues of running a business and having a right to some of the value it produces are often confused,” said Catherine Grum, director of wealth advisory at Barclays Wealth, in a statement.

Read the full story on CampdenFO  

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