Throwback Thursday

Cabins and Family Conflict

By Bill English, Partner

Did you know that cabins have the potential to cause more family disputes and litigation than family businesses?

Platinum’s Bill English, a Minnesota psychologist, offers insights into the impact of sibling rivalry between the family cabin and the family business:

“If you own a family business and are making plans on how to pass your business along to your kids, you’re headed in the right direction. But if you also own a cabin, be sure to plan for the passage of your cabin to your kids with equal attention to detail as you have invested in passing your family business to them. Failure to do so may result in your kids creating permanent rifts between them as they fight over the family cabin... MORE