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As your business grows, your financial administration needs become more complex. From organizing and filing taxes to managing document storage to making sure bills are paid on time, it can become too much alone. Eventually, you find yourself doing a juggling act — running the company and managing the finances (even if there are some things you may be missing).

It’s hard to know when to open up to your kids about family assets and wealth. At some point, you probably plan on leaving them the assets you’ve worked so hard for. As a parent considering the next steps for your private wealth, you may be thinking: