The Double-Edged Sword of Shared Family Property

Senior generations in family businesses often pass down assets, like shares properties and foundations, that are intended to enrich the lives of future generations. But they can have unforeseen consequences. In her work at Banyan, Judy Lin Walsh has seen that it’s these assets that cause the most friction between family members because it brings up the question of fairness. The emotion and the memories tied to these things makes decision making much harder. In this video, Judy shares practical advice for the conversations families must have early and proactively, so that these assets remain a source of connection rather than division.