Adding new people to your family — new spouses, new children, new in-laws — can be joyous. That doesn’t mean it’s not going to get complicated. Advance planning helps.
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Divorce within a business family can be complicated. There are, however, a few best practices to make the transition easier.
Lack of having an estate plan can destroy a family business.
Any new person in your system can have a destabilizing effect. You have to be ready — in advance.
In families, we’re all born equal. Until we aren’t. You have to be ready to talk about that.
Most businesses are not hotbeds of conflict. But they do have to make difficult decisions together. That’s not easy.
Behavioral health issues are common in many families. The real problem comes when you pretend they’re not there.