The terms "fair" and "equal" are often used interchangeably, however, the two are not synonymous. When I meet with family business owners they often suggest they want to treat their kids equally, when in fact they want to treat them fairly.
But what does this mean when it comes to family assets like a business or farm?
This will be the topic of the webinar I am speaking at on August 18th with the fine folks at The Network of Family Business. This organization is led by Dr. Steven Moyer who is an expert on family business and who will facilitate our webinar.
The presentation will include a discussion around a white paper I wrote last year titled, Passing Assets to the Next Generation - Does Fair Mean Equal?
Details on how to participate in this online seminar can be found at this link.