Relatively few wealthy families are addressing the question of when an aging parent should give up control, advisors and lawyers told CNBC. Waiting until a parent’s cognitive decline is apparent can leave families scrambling over who controls their fortune. Experts offer four tips to make it easier for parents to pass on the reins to the family business. Westend61 | Westend61 | Getty Images 
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor
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