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Legal

These articles raise common legal issues confronting practitioners and discuss the practice of law as it pertains to attorneys working in the field of family enterprise.

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.

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.

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.

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.”

You can find issues more uncomfortable than prenuptial agreements. But not many. For starters, people view prenups from amazingly different points of view.

Transformation this article makes the claim that mediation, a private, voluntary and creative process, can be designed to effectively address and resolve conflict among family members engaged in family enterprise(s) and that mediation can be a transformative process.

Business is all about the future. An entrepreneur takes an idea and makes it into a service or product that people will want, even need, for years to come.

Thanks to this week’s contributor Laurent Roux of Gallatin Wealth Management for his thoughtful and informative article on the Private Trust Company (PTC).

There was a time when a lawyer was considered the “consigliere” to the family and its business.

The 2015 FFI Global Conference theme of “myths and realities” provides an excellent opportunity to focus attention on how best to advise family enterprises for the long-term success of the family and the enterprise.

This week’s guest blog features a discussion of how and why the location of a trust established for US-based clients is critical.

Choosing a lawyer for a family enterprise engagement is not a simple matter. In advising family enterprises, lawyers play at least 13 roles, involving different skills, experience, approaches and temperaments.

...advantages of an interdisciplinary collaboration when helping families create an integrated approach to the ownership of shared assets.

When it comes to trust and estate planning for family enterprises, prudent tax strategy is king.

Today’s blog entry and accompanying article bring you something different: a granular investment idea that advisors can bring to their clients.

Having a clear picture of your core demographic isn’t just a golden rule in advertising; it’s also an important piece of information in advising family enterprises.

Let’s face it: when it comes to litigating a family business dispute, a lawsuit can be a trial!

In the movies, we see it time and time again–the slick Wall Street villain committing the hostile corporate takeover of a do-good company, placing a closely-held family-owned business at risk of dissolution.