Beginning today, The Peer Alliance blog will be periodically featuring a video blog on Fridays — a chance for our senior management to communicate directly to our members in a conversational format.
Following The Peer Alliance’s Summer Kickoff event at Legal Harborside in Boston, MA — Paul and David Karofsky reflect on the event in this short video. The following is a transcription for the above video.
In this video interview, Paul Karofsky and David Karofsky describe what has helped them to work together effectively — and what steps can help other parents and their adult children to succeed. For example, the different generations may have differing expectations regarding “standard” working hours versus a more flexible work schedule. Or there may be differences […]
In general, we discourage families from leaving their homes to multiple children as it can often lead to family conflict, write Paul and David Karofsky. For example, we worked with three generations of a family that had a couple of vacation homes. The senior generation grandparents had a waterfront home and the middle generation parents […]
As families approach the concept of transition, the year 2012 provides a rapidly closing window allowing individuals to enjoy tax exempt gifts of up to $5.12M per person – meaning parents can gift a total of $10.24M to their heirs without filling the government’s coffers. For families wishing to take advantage of this time sensitive […]
A recent report by KPMG in Australia explores the education and progression of next generation family members and their approach to changing business strategy, write David and Paul Karofsky. (Click here to view the report) This resonates with some critical issues faced by several family businesses we are currently working with. Here are the key […]
It’s a curious phenomenon. For lack of better words, let’s call it “Entitlement on Steroids.” The entitlement part is pretty clear. It’s been labeled an epidemic among members of the younger generation in family businesses- and elsewhere- for well more than a decade now. But it’s the “steroids” part that’s particularly curious; it’s about attitude […]