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Forbes Insights research shows that over half of today’s high-net-worth investors generated or obtained the lion’s share of their wealth either exclusively (22%) or to some degree (31%) through a family-run business. This highlights the essential art of exit planning—prepping the family and the business for its future once today’s stewards hand over the reins.

To gain deeper insight into the issue, Forbes Insights spoke with Thomas J. Frank Jr., Executive Vice President, Northern California Regional Manager for Whittier Trust. Below he responds to five questions relating to effective exit planning.

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