Creaghan McConnell Group - the family capitial company

CMG insights on business families

Samsung’s massive inheritance tax problem

Success never seems to come without challenges – and for the Lee family in Korea, there have been many. And, with the recent passing of Lee Kun-hee, his family and the Samsung empire face yet another challenge: an inheritance tax bill of nearly $11 billion USD...

Building a brighter future

Our independent research report on the profound impact of Canada’s leading business families on our nation’s economy…

The liquidity challenge

A case study on how life insurance can play a cost-effective role in estate planning for even the wealthiest of business families – in almost all situations…
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Research & commentary

Samsung’s massive inheritance tax problem

Success never seems to come without challenges – and for the Lee family in Korea, there have been many. And, with the recent passing of Lee Kun-hee, his family and the Samsung empire face yet another challenge: an inheritance tax bill of nearly $11 billion USD...

Warren Buffett and his deep admiration for business families

Here are three things that stood out to us in Warren Buffett's most recent letter to the Berkshire Hathaway shareholders...

Avoiding the estate planning pitfalls of rock stars

What do Pablo Picasso, Aretha Franklin, and Prince have in common? All were great artists in their own right, and each had a fair degree of ‘business smarts’ as they built their unique artistry. But they all died without a proper will or an estate plan in place...
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Technical resources

What if you could test drive your estate plan to ensure it really works?

Imagine this scenario. All of the estate documents are prepared. You've got the right people in place to fulfill the key executor and trustee roles. Covered all the bases. Or at least it seems that way. What could possibly go wrong?...

Spousal security, autonomy and independence

For successful business families, the issue of “spousal security” is rarely about money and net worth – and almost always about autonomy and control…

Covering estate taxes with charitable tax credits

As one of Canada’s largest auto parts wholesalers, finding mutual wins had been Nilam Patel operating style with customers for years. But he wanted a different win-win this time. This one involved planning his charitable legacy, while at the same time covering the tax burden on his estate...
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Business family stories

Merck's commitment to family governance

In a series of updates to our original story, we explore some of Merck's best practices in more detail. Our first instalment focuses on family governance structures – and how Merck has used these to cultivate (and sustain) unity and stability within the family...

MERCK: thinking in generations, not just in quarters

If you’re the Merck family, you leave nothing to chance. You prioritize planning the future. You invest in it. In simple terms, the Mercks have built and sustained a 13-generation legacy by taking the “Be Prepared” adage to a whole new level...

The Vaccine Billionaires of India

The Poonawalla family of India is making a dramatic impact on the global COVID-19 pandemic by becoming the world’s biggest manufacturer of vaccines...
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On our bookshelf

CREATIVITY INC.

MISTAKES WERE MADE

CRUCIAL CONVERSATIONS
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