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Articles tagged: Family Dynamics
How Family Business Succession Planning Becomes Succession Implementation
Family business succession planning requires discussions about ownership, leadership, payment and other issues to smoothly transition from Gen 1 to Gen 2. Read More
Sibling Squabbles: Fair Estate Distribution Among Multiple Heirs
The most common disputes during estate distribution are among siblings. Communication is key to dividing assets fairly and easing the financial transition. Read More
P is for Planning, Not Palimony: Estate Planning for Unmarried Couples
Breaking up is messy in states that don’t grant property rights for unmarried couples. A cohabitation agreement is the key to equitable estate planning. Read More
Finances in Marriage: 3 C’s to Address Discontent
Even with your life’s partner, money conversations are hard. Communication, collaboration and control are your keys to a harmonious shared future. Read More
The 4 Stages of the Divorce Process
Divorce is more than a legal process. It’s an emotional one, too. Read about the four divorce process steps, including the announcement and the aftermath. Read More
Family-Owned Business Transitions: The Good, the Bad, and The Ugly
Like Snowflakes, They Vary Transitions in family-owned businesses can take many forms and be challenging endeavors. From a change of control, as the torch is passed from one generation to the next, to the much more life-changing sale of the entire business, each transition comes with its share of the Good, Bad, and Ugly. Types […] Read More
Catching Up With Carrie Rosenbloom: Co-Founder and Senior Consultant at Evolve Family Business
Counseling Family Businesses Through Divorce [Editor’s Note: It has been three years since we profiled Financial Poise Columnist Carrie Rosenbloom, who is also an attorney, educator, mediator and therapist. She has since opened her own firm, Evolve Family Business, and she kindly provided us with an update.] Since we last talked, I moved away from […] Read More
Protect Your Family Business with Smart Succession Planning
Clarifying Roles and Responsibilities for Smooth Transitions In family business, a succession plan guarantees continuity. It ensures a smooth transition of leadership so that the business can carry on. Where no succession plan exists, the risk of turbulence and conflict is high. Creating a succession plan is a fairly straightforward but necessary task. It details […] Read More
The Importance of a Family Charter in Family-Controlled Businesses
How to Maintain Control in Family-Controlled Businesses Unique challenges tend to arise when a family controls a business. Some questions that may emerge are: Which family member will lead the business? How will profit distributions be decided? How can a family member exit the business? Questions such as these are best handled in advance and […] Read More
How to Pursue Your Family Purpose (And Why You Should)
How Your Family’s Mission, Vision and Values Can Make You Wealthy and Fulfilled Wealth is a means to an end – living a great life. Successful families work hard to build wealth, not for the sake of achieving some number on a balance sheet, but because they want the wealth to support their family life. As […] Read More