Flexibility is Key to Succession Planning for LGBTQ, Blended Families, Cohabitation, and other Nontraditional Families
Thanks to this week’s contributor, Matthew Erskine, for his article that explores the importance of building flexibility into the estate planning process for advisors working with nontraditional families.
Five Sisters and Two Executors: A case study
Thanks to Vijay Sathe, Alfredo Enrione, Donna Finley for this week’s edition, which is a case study about how five sisters, who suddenly and unexpectedly inherited their father’s businesses, and how they dealt with the influence of two executors to reach harmonious ownership of the family enterprise.
Family Offices and Artwork: Mitigating the risks
Thanks to Matthew Erskine for this week’s issue discussing the most important steps that family offices and their clients can take to mitigate risk to clients’ collections of art and other collectibles.
Ownership Strategy: The foundation of every family business
Thank you to FFI Fellow Ed van de Vijver for this week’s article on the importance of developing a family enterprise ownership strategy that is aligned with the family financiers’ objectives.
Understanding the Complexities of Mental Incapacity When Advising Family Business Owners
Thank you to this week’s contributors, Patricia Annino and Jim Grubman, for concluding our series of articles by presenters at the virtual 2020 FFI Global Conference, October 26-28.
Preparing for a Trust Beneficiary’s Addiction Issues
n this week’s issue, contributor Matthew Erskine discusses estate planning measures that can be taken to prepare for the eventuality of a beneficiary’s substance abuse issues.
Family Businesses in Germany – total lack of trust(s)?
For advisors working with family business clients operating across multiple countries, it is important to keep informed about jurisdictional differences and how they could impact your clients.
Family Business Sanity Check
In today’s world, family business owners have a lot to worry about – from rising taxes to developing future leadership.
Financial Independence – A Critical Factor in Ownership and Management Succession
Thank you to this week’s contributor, Randy Waesche, for this thought-provoking examination of the influence that money and financial independence can have in the succession process.
When Science and Law Intersect: Preparing for a new age of wealth transition planning
This week’s FFI Practitioner examines how advances in science can impact multidisciplinary approaches to family business consulting.
The Utility of Buy-Sell Agreements for Family Enterprises
This week’s FFI Practitioner focuses on buy-sell agreements and their role in protecting family enterprise from potential future ownership issues. Thanks to Dan Frosh, this week’s author, for providing an examination of the numerous benefits and features of effective buy-sell agreements within the family enterprise context.
Cases for Clients
Family business cases can serve as powerful tools to integrate into consulting and educational work with clients. Cases provide an engaging way for family enterprise members to recognize issues similar to the ones they face, helping evaluate potential, less emotionally-charged solutions. To further this publication’s mission to provide readers with practical materials that support their work with multi-generational family enterprises, we are pleased to feature a selection of family business cases previously published in FFI Practitioner.
Celebrate Halloween with these Scary Articles from the Archives
In many parts of the world, October 31 is Halloween, so we couldn’t resist featuring some topics that might seem scary to approach with your clients. In the spirit of Halloween, here are some spooky editions.
Trust Owned Family Enterprises: Pitfalls and practical suggestions when naming trustees who also serve on Board of Directors: A case study
This week, FFI Practitioner examines the complicated situation occurring when the family enterprise is owned in trust and the trustees simultaneously serve on the Board of Directors. Thank you to Patricia Annino for exploring the numerous issues and conflicts that can arise through the following case study.
Control of the Dead Hand: A case study
This week, FFI Practitioner addresses estate planning, a topic of perennial importance in the field of family enterprise. Thank you to Ashvini Chopra of Bennett Coleman, for sharing a valuable lesson learned through a case study.
Both Sides Now: The increasing importance of focusing on both sides of competence (sustained and diminishing) for family owned enterprises
This week’s article examines two sides of one issue – competency. Thanks to Patricia Annino for sharing her analysis of the challenges presented by either sustained or diminished competence in an older family founder and for providing practical steps to help family plan for these challenges.
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.”
Family Businesses and Community Foundations – A Natural Partnership
Community foundations are a worldwide phenomenon with more than 1400 around the globe.