How to avoid squabbles in family-run firms

11-Oct-2015 #Globalwealth Source: Straitstimes

Family constitution and council, allocating more shares to primary successor, allowing the patriarch to retain decision making on key aspects and the next generation to run day to day operations are some of the fundamentals to avoid family squabbles. Also handing assets to a trustee where there is a high possibility of family disputes is another approach.

Read Full Article..