Ask MoneyTalk: Should I sell or give the family business to my children?
Many business owners look forward to the day when their kids take over the family business. It can be the beginning of a lasting legacy for the family. But as retirement nears, those parents will also realize that passing down the business could result in a cash crunch down the road. Jeff Halpern, Business Succession Advisor with TD Wealth, joins Kim Parlee to discuss some ways you can structure the transfer or sale of your business to fund your retirement.