1. State five aspects that are usually overlooked in estate planning.
2. What are the advantages and disadvantages of trusts in estate planning?
3. If you were a CEO of family-business, select three of the eight stated pitfalls in this chapter that you would work harder to avoid and explain why.
4. Discuss how the owners’ plan document is different from family council charter and family constitution. 5. Discuss what are the pros and cons of cash liquidity and wealth accumulation of the owners of the family business. 6. How does this chapter suggest family owned business should finance the acquisition of proper equipment and facilities as assets? 7. What are the suggested tools to engage family members in the future of the company in terms of value and direction? 8. Discuss why dividends and growths are usually the bases of conflicts between shareholders and management/board running the family business.
chapter 11 & 12 family business ernesto j. poza 4th edition