By Linda Davis Taylor, Author of The Business of Family: How to Stay Rich for Generations
Money can either unite or divide us. The money doesn’t decide. We do. Financial circumstances can change. Jobs come and go. Illness may strike. Divorce happens. We have more MBAs in the world than ever; yet, it’s the family balance sheet that remains misunderstood. How can we avoid fights over a family inheritance? The answer is found in running and managing your family and wealth like a business. When problems arise, family members must be just as unified around a common purpose as members are in a business.