The best laid plans often go astray and usually its due to family dynamics - issues of communication, control, compassion (and the lack thereof) that will divide a family and prevent a successful transition (whether it is the sale of a company, the passage of power or the stewardship of a family legacy). This session will use case studies and research to highlight common situations in family dynamics, where and how improved governance and formal protocols can assist and some tools for advisors to use when working with all families (even the 'normal ones'!) and ensure successful transitions.
This session will help you to gain:
• A better ability to recognize and assist families in transition through discussion of bets practices with respect to family governance and succession
• An appreciation of common dynamics or behaviors that can hinder a family in the effective management of their wealth