As baby boomers prepare to transfer wealth to their children, those younger generations may be thinking of how to preserve their family’s financial legacy. The “third generation curse” indicates that ...

The key is to motivate generations two and three to contribute to the family business in a productive way. You can look to Lawrence Welk's family as a prime example. Telling the family story is an ...

They build, they grow, then they fall. The familiar cycle of family businesses has echoed across continents for centuries. In Thailand, where family-run conglomerates dominate the economy, the ...

The line separating America’s wealthiest families from the rest of the population may not be as indelible as many think, according to new research. A study from the National Bureau of Economic ...