According to Grant Thorton LLB Management Series, “Ninety percent of all businesses in Canada are family oriented yet succession of these businesses often just happens rather than being planned. Some 70 percent of family run businesses never make it to the second generation and ninety percent never see a third generation despite the genuine desire by most owners to see continuation in the family.”
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The Classics: Cars or Senior Citizens?
Sometimes, Porsches find their way into borrower’s garages and vacation or rental
properties become part of investment portfolios. Long term care policies are finally
afforded and written and hearing aids help spouses to once again recognize their mate’s
voice. Churches and charities find themselves receiving checks that would not have been
possible without the funds made available by a Reverse Mortgage.
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