5 Top Planning Considerations for Shared Family Properties

Wealthy families usually find themselves managing a myriad of assets. Among these, shared family properties hold a special place. Those properties are often imbued with memories, history and intermingled finances, warranting careful consideration and planning.

For many families, these include elements ranging from the emotional to the financial and include considerations around legal issues, succession planning and family heritage preservation. By navigating these complexities with foresight, empathy and strategic planning, families can preserve their heritage while ensuring the sustainable stewardship of these shared assets for future generations.

Arne Boudewyn and Nancy Amick, from our exclusive partners at Insights Squared Consulting, discussed five important considerations with shared family properties in an article in Think Advisor.