When Family Friction Catches Fire: Practical Advice for Avoiding Interfamily Litigation
May 13, 2022
Presenter, Capital Region Family Business Center's 2022 Annual Generations Conference
Downey Brand is pleased to sponsor this year’s Generations Conference, sponsored by the Capital Region Family Business Center, on January 19-20, 2022, at the SAFE Credit Union Convention Center.
Additionally, Downey Brand partners Meghan Baker and Jeff Galvin, along with Tammi Griswold, Private Wealth Advisor with U.S. Bank, are presenting “When Family Friction Catches Fire: Practical Advice for Avoiding Interfamily Litigation” on Friday, May 13, 2022, at 9:45 a.m.
Tension between family business owners, trustees, and beneficiaries can boil over into litigation that strains relationships, causes great expense, and threatens to destroy the family and the company. By exploring real-life high-conflict case studies, participants can better understand potential minefields in trust and corporate management, and receive practical advice they can incorporate into business and estate planning practices to avoid family disputes.
Attendees will learn from experiences of other family businesses in order to position themselves and their businesses to avoid or reduce conflict in the future. Specific learning objectives include:
- What are the risk factors for conflict, including estate planning structures, corporate governance issues, and family dynamics?
- If a family business identifies problems with existing governance, trust, or estate documents, how can those conflicts be resolved proactively to avoid litigation?
- What are practical, concrete steps that family businesses can take to avoid or manage conflict?