The Challenges of Shared Ownership

October 2009

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Families with inherited wealth soon recognize that sharing ownership and control of family assets is far more complicated than any family might expect. Sharing ownership and decision-making with other family members can be stressful, and business relationships can impact family relationships in significant ways. The stress affects siblings and cousins more than the founders, who typically do not understand the impact their success has had on the rest of the family. This paper is written for the siblings and cousins who inherit family assets, in an effort to help them better understand the financial complexities that will impact their lives.

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