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Consultation with Families: Inheritance and Family Business Issues

In this country, we are currently experiencing an unprecedented inter-generational transfer of wealth. Not surprisingly, emotional issues about inheritance are having a powerful impact on intimate relationships. Power struggles, "fairness" issues, and authority conflicts abound. The "gift" of inheritance can turn into a melodrama _ and in some families, a virtual tragedy. We strive to enable family members to feel seen, heard, and included in the processes of inheritance. While a consensus on all issues can not always be reached, we can clarify the goals and values of each family member and aid in establishing mutually acceptable agreements about family money matters. Our aim is to transform conflict into opportunities for family growth and unity.

The family business can also become a battleground for the playing out of psychological issues about money. Family businesses are often emotionally charged experiences for all participants. We will help clients and family members sort out the emotional issues from the business issues. We provide a broad range of psycho-educational services for families, which can help clients:

  • Plan and deal with money and power issues within their families.
  • Think through the core values that clients wish to teach or impart to their children.
  • Clarify issues of family inheritance and legacy.
  • Understand and work with the emotional issues of setting up and running a family foundation or partnership.
  • Face and grapple with the power struggles that can undermine otherwise successful family businesses.
  • Understand and alter role dynamics to reduce the impact of disruptive family patterns in business.
  • Negotiate a balance between the forces of tradition and those of evolution/development within a family business.
  • Assist clients in planning for succession within a family business.