A seminal event occurred last year that will have a profound impact on business families in the years to come. The first baby-boomer turned age 60, and here’s why it’s such a big deal. Many of these baby-boomers own successful businesses, and they’re seriously thinking about — if they haven’t done it already — reducing their work schedule so they can spend more time doing the things they love. And for those with a son or daughter who’s working in the family business, it’s natural to want to pass the business on to them.

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