Yan from Owner.One
Families often lose assets and capital (statistics indicate up to 72%) during the transfer from the founder to family members. However, this is not the only challenge. Family members often only discover the liabilities accompanying these assets when creditors start to claim them in the future. Liabilities may exceed the assets, and identifying this in advance is nearly impossible. Only 13.2% of respondents thought about this question. Assets and liabilities are two extremes, but there are also risks - uncertain events that may occur. The founder and his family have different levels of risk tolerance. The head takes risks related to assets (guarantees, ShA, options) and assesses their capacity to manage this risk, often with a backup plan. Family members have neither the skills to navigate these risks nor the necessary tools. Few families have truly effective mechanisms for asset transfer, and information asymmetry regarding liabilities and risks is even more pronounced.