How many times have you heard family business owners grumble about feuding brothers and sisters? They report that business and family morale is decaying, and productivity has gone to the dogs.
Succession planning for family-held businesses when the owners wish to retain ownership and/or control within the family involves a complicated and time-consuming process that requires a multifaceted approach not fully understood by most professionals.
We all have an intuitive understanding of the "Inheritor Syndrome." We usually think of someone who is spoiled and expects others to provide for him or her.