Consulting editor(s): Jonathan Sutton, Ian Macdonald

Publication date: May 2009

Format: Hardback

Length: 279 pages

Price: £120.00

ISBN: 9781905783250

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While the text is geared towards advisers, family business stakeholders can also benefit from the content, which is sophisticated but not overly technical.

- Barbara Spector , Family Business

'Business Families and Family Businesses' is an invaluable handbook for the family business adviser. The range of topics covered is comprehensive and the contributors have been well chosen for their expertise in their disciplines. I can recommend it unreservedly.

- David Molian, Bettany Centre for Entrepreneurial Performance & EconomicsCranfield School of Management

The STEP Handbook will undoubtedly become required reading for advisors across the disciplines such as the trust and legal, accounting, HR and other professions who set out to deliver high standards of service for their family business clients.

- Grant Gordon, Institute for Family Business

"A tour de force of the family business area."

- Rebecca Harding, World Entrepreneur Society

The resilience of family businesses has been evident from their success over centuries and across continents. It remains common for practitioners to advise families whose principal source of wealth is or has been a successful family concern, and to provide guidance on the specific and complex relationships and issues that arise in this context.

This guide, edited by the Society of Trust and Estate Practitioners (STEP) (, features chapters by leading practitioners in the field, including the Family Firm Institute, HSBC Private Bank, Boodle Hatfield and SandAire. The book considers what makes business families and family businesses unique, and examines the issues that advisers are often called upon to address when assisting them. It helps practitioners to deepen their understanding of how families operate, and to develop the skills and knowledge necessary to advise on such complex areas as conflicts between working and non-working family members, structure, succession, wealth management, governance and meeting a family’s philanthropic objectives.

The guide provides a comprehensive handbook for all practitioners who advise business families, including lawyers, accountants, financial advisers and wider family business advisers.