Factors for a Strong Family Unit

Many families move toward a state of separation and disunity as time progresses, and this tendency can make the risks of sibling rivalry and family feuding over inheritance stronger. Here are some factors that can lesson those risks and bring a family closer together:

• Sharing economic values, such as philanthropy.
• Developing a healthy culture founded on encouraging direct communication.
• Creating a decision-making process that feels fair to all impacted.
• Rewarding skills development and devaluing privilege and entitlement.
• Showing appreciation for the work put in by those that strengthen a healthy family dynamic.
• Remembering family members and the family as a whole are not perfect and remembering to forgive.

See Patricia Davidson, Blood Feuds, Private Wealth, March 10, 2015.

Special thanks to Rob V. Robertson (Attorney, Austin, Texas) for bringing this article to my attention.