FLPs also offer the additional significant benefits of excellent asset protection from future creditors, centralization of investments, family succession, and participation of younger family members in management of family assets and investments.
FORBES: Estate Planning Moves To Consider Before 2010 Is Done
But Finance Minister Lee Hun Jai admits that this edict has been ignored - as demonstrated by Hyundai's recent family feud over succession.
Was it really necessary to have four pages on tensions over the imperial family's succession if they came at the expense of examining the country's archaic schools or its deeply flawed system of public justice?
That sounds odd, however, since the government has even threatened to dissolve Mr Kye's own restructuring unit over suspicions that it was used by members of the founding family to sway the succession struggle.
Owners of small family-owned businesses going through the succession process should make every attempt to include the entire family in the discussion to avoid or reduce familial discord.
FORBES: Identifying a Successor for Your Family-Owned Business
The challenge for many small family-owned businesses in succession planning lies in choosing a successor and deciding how the business will be governed when you are not there.
FORBES: Identifying a Successor for Your Family-Owned Business
The younger Kim's succession would cement the family dynasty.
Prior to the changed economy, there were a number of small and medium- sized family-owned businesses who adopted succession plans whereby they allowed for outside investment into the business, sometimes selling all or half of their shares to investors.
FORBES: Identifying a Successor for Your Family-Owned Business
Second, the galleries of portraits reveal the extraordinary tentacle of the Habsburg family and the overweening preoccupation with dynastic succession and the demands of strategic alliances.
For example, in their book Changing Places: Making a Success of Succession Planning for Entrepreneurs and Family Business Owners, David Franzetta and co-author Moss Jackson provide a path for business owners to develop and execute their own customized succession plans to secure the future for themselves, their families and their employees.
FORBES: Family Business -- Your Most Important Issue -- Successfully Passing It On!
There is an echo of Greek tragedy about the succession of blows striking a single American family.
The British royal family can be traced back 900 years to William the Conqueror, although the succession has passed through a number of families to the house of Windsor.
Analysts have said the arrests have raised questions about succession planning at the company, noting there are as yet no third-generation members of the Kwok family ready to take over the family business.
应用推荐