How to Transfer Business to the Next Generation
Failing to properly plan for disability, death, or the ultimate transition of a family business can lead to disastrous financial consequences for both the business and the family.
Failing to properly plan for disability, death, or the ultimate transition of a family business can lead to disastrous financial consequences for both the business and the family.
From contentious relatives to scam artists, wills are not immune to the threat of a contest. If you have an inkling such a fight could be in your estate’s future, here are some ways to limit the risk.
The probate process can be expensive for some estates. Settling an estate through probate can cost you both time and money.
An estate plan works like the operating system on your phone or computer. It runs in the background. However, it needs occasional updates to keep the plan current.
People often overlook critical steps when they are doing their estate planning.
It’s important to include both your health care provider and family members when discussing a living will and the choice to have CPR or do-not-resuscitate (DNR) orders.
How will Tom Brady divide their assets and fortune? Did they sign that prenup?
Advance directives typically consist of a living will and a power of attorney for healthcare.
Unlike a last will and testament, a revocable living trust is effective during your lifetime.
One of the biggest challenges that clients encounter during the process is deciding who to appoint as their trustees, powers of attorney, health care surrogates and executors.