Chain of Command Violations: Three traps for the family business
Thanks to Mitzi Perdue for this case study discussing some of the perils involved in misunderstanding core concepts underlying the frequently invoked “chain of command.” It is an instructive article for advisors and a case that could be shared with clients.
A Way to Prevent Catastrophic Family Quarrels
When an unexpected disaster strikes, and family members are unaware of a patriarch or matriarch’s end-of-life care wishes, then decisions about how to proceed can create deep-seated and long-lasting conflict that can destroy a family business. This week’s contributors, Mitzi Perdue and Jane Beddall share insights from their experiences and advice about how to address this sensitive subject with your clients.
An Economic Time Bomb for Life Insurance Owners
Thanks to Mitzi Perdue for this week’s article addressing an international phenomenon impacting life insurance dividends and returns. Rather than putting life insurance policies in the proverbial “bottom left hand drawer,” her research recommends that, especially in a reduced interest rate environment, all of your client’s life insurance portfolios be evaluated to check and monitor their performance to avoid an “economic time bomb.”
Prenuptial Agreements – Uncomfortable and Necessary
You can find issues more uncomfortable than prenuptial agreements. But not many. For starters, people view prenups from amazingly different points of view.
Embedding The Family’s Values by Creating an Ethical Will
Much as I admired Frank Perdue for his success with his family poultry business, I admired him even more for his success as a family man.