36% of Ultra-Wealthy Parents Hide Family Fortune Size From Heirs
61% of parents worth $25 million-plus fear inheritance will dull their children's drive; 36% hide the family's true wealth, a Bank of America study finds.
Topic
Estate Planning
Topic
Estate Planning
Family Business Succession Planning Goes Beyond the Assets
DTN Progressive Farmer argues family business succession can't be reduced to a balance sheet. Assets transfer in an afternoon; tr…
Dolly Parton Left a $450 Million Estate. Her Nephew's Fight With It Shows Why Succession Fails
Dolly Parton's $450 million estate is fighting her nephew in court. Legal scholars say the case exposes why founder deaths sink f…
What Dolly Parton's Estate Fight Reveals About Succession
Fast Company uses Dolly Parton's estate dispute as a case study in family business succession, arguing founders need documented p…
Prismm Targets Billions in 'Estate Attrition' Banks Lose Each Year
Miami-based Prismm, founded in 2020 by sisters Martha Underwood and Shella Sylla, is pitching bank-side estate infrastructure at…
$124 Trillion Is Changing Hands — and Heirs Aren't Ready
Cerulli projects $124 trillion will change hands in the U.S. through 2048, yet 52% of wealthy parents have never told their kids…
LumenUs Wants to Cut 570 Hours of Death Paperwork With AI
LumenUs, founded by Sara Tashakorinia after her husband's death, uses AI to cut the roughly 570 hours of paperwork needed to sett…
Farm Owners Keep Avoiding Succession Talks, DTN Reports
DTN Progressive Farmer's new feature "Why Farm Owners Avoid Succession Planning Conversations" reframes farm transition as a beha…
Edward Jones CEO Penny Pennington Champions 'Giving While Living'
Edward Jones CEO Penny Pennington says a growing share of the firm's 9 million clients now transfer wealth before death — to see…
WillJini Raises First Round at $3.5M Valuation Without Pitching a Single VC
Bootstrapped estate-planning startup WillJini closed a $3.5M post-money round from batchmates and channel partners — no VC pitche…
Family Business Succession: Structuring Around Difficult Dynamics
The Business Journals lays out how founders can structure succession plans that stay fair when sibling rivalry, unequal involveme…