People almost always split their legacies among their children unless the state prevents them from doing so. This is true even when the success of a monarchical dynasty depends on doing otherwise, like with the French Merovingian and Carolingian dynasties. Over generations this tendency necessarily breaks up large estates.
Daniel J. Sanchez:
People almost always split their legacies among their children unless the state prevents them from doing so. This is true even when the success of a monarchical dynasty depends on doing otherwise, like with the French Merovingian and Carolingian dynasties. Over generations this tendency necessarily breaks up large estates.
This has nothing to do with estates, this is a business enterprise. Unless you think malls will fail for the same reason?