siblings Archives -

Sibships – How does the sibling relationship affect a family business?

04/13/2017

There is no relationship in life longer than that of siblings. And, like today’s families, sibships come in all shapes and sizes. The classic nuclear family has diminished in the past decades, due to divorce, remarriage and parenting out of wedlock. So now we have more half-sibs, step-sibs and sibs by adoption. In addition, second and third marriages have created large gaps in sibling ages.

How does the fact that siblings share common parents in some form affect a family business? Here are some suggestions to make sibling management teams effective.

Never too late to re-ratchet good family business practices

11/10/2016

During a prospective client meeting with a family business beginning to transition to third generation, it became clear that there were decades of issues to be addressed. Dad’s estate plan had considered the inactivity of his one daughter in the family business and she inherited non-business assets equal to the value of 25 percent of […]

Don’t Overdose Businesses With Sibling Rivalries

09/26/2014

Sibling rivalries can leave families ruined and businesses destroyed. To avoid sibling rivalry overdose, families and businesses need to establish “best practices.”