Families are being torn apart when promises about transferring businesses, farms and other commercial interests are resolved in court after bitter and expensive disputes.
High property prices and the intergenerational transfer of trillions of dollars are behind large numbers of court disputes over alleged broken promises about gifts and inheritances, says Catherine Sayer, chief executive of the Family Business Association (FBA).
Duncan HughesReporterDuncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au
