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mentoring

February 3, 2021

Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.

Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.

August 25, 2010

Research on estate transitions is quite specific: 70% of families will lose their assets and their coherence as a family unit following the transition of their estate. Why is this? What are the causes? Unfortunately, the answers to these questions and solving the horrific failure rate are neither obvious nor easy.

Research on estate transitions is quite specific: 70% of families will lose their assets and their coherence as a family unit following the transition of their estate. Why is this? What are the causes? Unfortunately, the answers to these questions and solving the horrific failure rate are neither obvious nor easy.

While the causes of post-transition failure are puzzling to most families, they are no longer a mystery to researchers: the biggest cause of failure lies in unprepared heirs.

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