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Practical Tools for Building Healthy Families

Wealth of Wisdom

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Navigating Sibling Dynamics in Family Business

This chapter explores the intricate dynamics of sibling relationships within family businesses, focusing on the impact of gender, timing, and individual ownership. It emphasizes the need for effective communication, a supportive environment, and the role of a family champion in enhancing these relationships. Additionally, the discussions highlight the challenge of balancing individuality and collectivism, particularly in the context of wealth management and the structural complexities of trusts.

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