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What money or fairness conversation has my family been avoiding for years?

From: Ch 12: From Alignment to Action

Most UHNW families have at least one. The split between siblings in the inheritance. The compensation gap between the working sibling and the others. The decision about whether to sell the business. The role of in-laws in financial decisions. The boundary between family money and personal money. Kris Kluver, in The Dysfunctional Family Office, asks families to identify which conversation they've been avoiding and what the avoidance is costing. The cost compounds. Every year the conversation doesn't happen, the assumptions harden, the resentment builds, and the eventual conversation gets harder. Most families discover that the avoided conversation goes much better than they feared, mostly because the fear had grown larger than the actual disagreement. The fix is simple to describe and hard to do. Pick the conversation. Pick a setting. Have it.

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