Inflation Fears Halt Succession Plans

Déjà vu? When the GFC hit (2007 – 2009), the succession plans of many family businesses came to an abrupt halt as legions of outgoing leaders suddenly re-cast themselves into the roles of business heroes and saviours – ostensibly because they’d lived through, and survived, previous recessions and financial crises.  In their minds their successors […]

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“Don’t Mention the War!” – Lessons learnt working with Business Families

1. What is Old will never be New again – elongation of life expectancy Observations Our Past:  Family succession was usually caused by the physical and/or mental incapacity or death of family leaders.  Historically, this is why Wills were the prime determinants (one can’t really say “guides”) for family succession and inheritance. Our Present:  We’re […]

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