Family business succession planning is a critical and often challenging process for many family-owned businesses. The goal of a successful succession plan is to ensure a smooth transition of the business to the next generation, preserving the legacy and values that have been built over the years…
A living trust won’t be for everyone. However, it can provide big benefits for some. Many people use a living trust for one big reason: avoiding probate. However, there are other reasons you should seriously consider.
If you want to exclude someone from the will, is it best to leave them a dollar so they can’t challenge being excluded? Can you put in a provision that if they challenge the will, they lose everything?
Estate planning, once limited to human beneficiaries, has now extended to include beloved pets in order to provide for their well-being after the owner’s death.
You’re not too young, you do have enough assets and don’t you want to make things easier for your loved ones after you pass away?
Estate planning involves both trust funds and wills to help ensure the smooth transition of assets to your beneficiaries.
Power of Attorney documents are often an afterthought when someone thinks about their estate plan.
If you are headed somewhere warm to spend the winter months, you will want to be sure you have everything in order before you go.
When someone dies, one of the first questions the attorney will ask is what primary estate planning instrument the decedent had in place.
In my experience, estate planning is one of the areas of personal finance with the most widespread confusion. Unfortunately, this can lead to costly mistakes in time, money and stress on people’s families.
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