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Some of your children may want to be involved in your family office. Some may seek careers in other fields they find more rewarding. How do pass your business assets to the child who wants to be active in your business without the other child resenting it?

Conventional wisdom holds that the actively involved child receives control of the business, while the other children receive other assets. But this, too, can create tension among siblings.
At The Oxford Group of Lake Success, we develop a solution based on your children’s personalities—their strengths and needs—to treat all of your children equitably.

Our goal: By creating a FAMILY BANK with incentive based access, you can leave your children with enough money so they feel they can do anything, but not so much that they can do nothing.

 

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