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CREATING A SUCCESSFUL AND GRACEFUL EXIT

Whether your business is a mom-and-pop horse farm operation or a family-owned multi-billion-dollar manufacturing company (or news organization), planning for the inevitable (i.e. death and taxes) takes on new perspective as you age and your life decisionsnvolve not just you but also your spouse, children, grandchildren, employees, investors and other business advisors.  Their futures and your personal, corporate, and family legacies all hinge, at least in part, on the decisions you make. You may have heard in recent months that there is a family squabble going on between Rupert Murdoch and his children over control of the family business which is comprised of News Corp (Wall Street Journal and New York Post) and Fox Corporation (Fox News and Fox Sports), a multi-billion-dollar media empire spanning several continents which Rupert Murdoch built over the last 70 years.  Rupert Murdoch is 93 years old.  He had one child (Prudence) with his first

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