Family businesses take a lot of work and sacrifice from everyone involved. While a family business is often a source of pride for a couple, it’s also something that can cause problems if the marriage fails. Trying to determine what should happen to a business when the...
Month: February 2021
Partnering with your adult kids could make succession easier
Recently in our blog, we talked about business partnerships between siblings. As a follow-up to that post, we wanted to discuss business partnerships between parents and their adult children, too. Many who own and operate companies in the Northeast (Massachusetts and...
What happens if the mediation of your complex divorce case fails?
Many couples turn to mediation when they divorce to help them settle complicated issues involving child custody, support, alimony and the division of high-value assets. What happens, however, if mediation doesn’t go as you’d hoped? Mediators are often therapists,...
Do siblings make good business partners?
If you own a family business and you’re leaving it to your children through a succession plan, you’re essentially just telling your children that they are going to become business partners. Is this actually going to work, or can it create some issues for the...
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