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Gender still influences decisions over family business inheritance

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.
Gender still influencing family businesses succession

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.

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