Abstract
Don Davis didn’t understand the problem. As founder of a $100 million California-based retail business that sold a wide range of cookware and kitchen gadgets, he had worked for years with a team of high-priced attorneys and accountants to ensure his five adult children—three sons and two daughters—would inherit ownership of the business in the most effective, tax-advantaged way. Even though only one of the second-generation members was likely to work in the business, Don, now in his late 60s, saw them as capable inheritors and owners, in part because several of them had strong business experience.
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Lansky, D. (2016). Safe Communication Culture. In: Family Wealth Continuity . A Family Business Publication. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-57639-2_4
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DOI: https://doi.org/10.1057/978-1-137-57639-2_4
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Publisher Name: Palgrave Macmillan, New York
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