In this interview special we speak with Brad Davidson, a business appraiser for over 30 years. Find out how the landscape has changed over the past 3 decades and why unique assets are super important to his clientele of trust companies, family offices, and trust departments of banks.
Read MoreMost people don’t think of family vacation property as an enterprise. The property does not generate a profit, like a business – though it creates expenses and it may have employees. The property usually does not have income, like an investment portfolio. Nor does it create cash that can be donated to charity, like a family charitable trust or foundation. Yet a piece of family vacation property is in fact a type of family enterprise.
Read MoreIf you were deciding for yourself, which way would you prefer to make decisions about things you own? Would you prefer to make them by reflection and choice, or by accident and force?
Read MoreIf you’ve ever set up a trust, served as a trustee, been a beneficiary of a trust, or helped anyone in connection with a trust, you may have wondered: how does the money come out of the trust? If no one has ever reviewed this question with you, you are not alone.
Read MoreIt happened all of a sudden. I was reading an article about non-family CEOs of family companies. In the middle of the article, the author asserted the following: “While boards of directors are common in many companies, they are less common in family-owned or privately-held companies.” That author means well, but what he said is incorrect.
Read MoreAs you embark on this New Year, you have thought about the future. You have made resolutions, listened to economic forecasts, planned budgets, identified key sales to make, and maybe blocked off vacation time. But have you taken account of those specific events in your family’s past that inevitably will shape its future?
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