The price of 'protecting' your family

Article Abstract:

A woman whose husband unexpectedly dies must decide what to do about his plastics business. She had never participated in the business while he was alive, but now realizes that her future is at stake as well as the future of her son and the company itself. Two experts offer their advice.

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Case study: keep the firm in the family?

Article Abstract:

Two experts provide advice to a 30-year-old MBA who wants to buy her parents' business in a way that will secure her parent's future and minimize their tax exposure. One expert views her committment as an asset, but the other believes she has too little experience to own the business.

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Case study: a brother falls on hard times

Article Abstract:

A family member who has been struggling with personal finances and becoming independent could be given a nonpaid advisory position, which would allow that person to learn the business. Proper estate planning could prevent animosity between siblings.

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