MERCK: thinking in generations, not just in quarters

Original story: 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…

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…

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…

Building business capital and access to liquidity when you need it most

Permanent life insurance is more than an estate tax solution for Canada’s business families. It also builds business capital and can be a source of liquidity – in all market conditions, including a global pandemic like the one we’re experiencing…

Challenges inside the Samsung empire

Samsung is a highly-diversified $400 billion conglomerate, rich in three generations of history. But now it’s possible the Lee family’s control may be coming to an end…

The resilience of family businesses

Here at CMG, we’re delighted to see more being written (and acknowledged) in recent years about the importance of family businesses around the world…