The London Olympics are in full swing and the air is full of “victory” and “defeat”. It’s tempting, when just getting started in a family wealth conflict, to think about “winning” — whether that means outsmarting, outlasting, or outmaneuvering a family member.
Conflicts can start small, with little thought about what the very long-term implications can be when a comment is made or a line in the sand is drawn.
In reality the true, lasting costs to a full-blown family wealth conflict can be deep, wide, and permanent. A mediator can help family members understand the full costs and then find ways to reduce them.
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