Protecting Your Children’s Inheritance
Strategies for Keeping Son-in-Laws Out of the Family Business
It is important to remember that every family member should be allowed to participate in the family business if they are qualified and interested in doing so. If you have concerns about your son-in-law’s ability or suitability to work in the family business, it may be helpful to have an open and honest conversation with him about your concerns. We typically think that every effort should be made to make it work.
Sometimes…Sometimes that’s just not going to be enough.
If you still feel that it is not appropriate for your son-in-law to be involved in the family business, you may need to consider establishing clear policies and guidelines for family members who wish to participate in the business. This could include requirements for qualifications and experience, as well as guidelines for conflict resolution and decision-making.
Ultimately, the decision of who can participate in the family business should be made based on their qualifications and contributions to the business, rather than personal relationships or biases.
