Tips for passing a business to the next generation

Karen Daley follows her gut instincts when it comes to business decisions.

Her daughter-in-law Carolyn Broseker is a 32-year-old lawyer who prefers a more structured approach.

Their styles couldn't be more different.

But together, Homeland Title in Severna Park has expanded to handle 1,000 settlements annually throughout the state.

Now, as Ms. Daley eases into retirement, the two women face one of the hardest decisions a business can face: Passing a company from one generation to the next.

"Carolyn is not ready for me to just walk out the door and I'm not ready for that either," said Ms....