July 22, 2019 |
What Are the Key Aspects of Business Succession Planning?
Having an estate plan for your business is just as important as having an estate plan for your individual purposes. There are many different components ...
Learn MoreWhat Are the Key Aspects of Business Succession Planning?
Having an estate plan for your business is just as important as having an estate plan for your individual purposes. There are many different components that go into a business estate plan including a will, a living trust, a financial durable power of attorney, a succession plan, a buy/sell agreement, and life insurance.
All of these can be discussed directly with an experienced attorney. Your will and your living trust are the cornerstones of your business estate plan.
A will enables you to name who you wish to receive your assets, including your company, if you wish upon your death. A living trust is similar to a will in that it allows you to decide who will receive your assets when you pass away, but this is a private document that has benefits when compared with a will. A financial durable power of attorney enables you to authorize an agent to act on your behalf if you are unable to do so for yourself.
Schedule a meeting with a member of our advisory team
Blog
July 17, 2019 |
Three Long Term Care Myths
With the rising cost of healthcare and all data showing that many people will need some form of LTC in their older ages, it’s costly ...
Learn MoreJuly 16, 2019 |
Could Your Long Term Care Expenses Be in Excess of $250K?
Retirees today seem to be confused about how much to set aside for long term care. Fidelity Investments shows that the cost of paying for ...
Learn MoreJuly 15, 2019 |
It’s More Important Than Ever to Be Mindful of Long-Term Care Costs
More people today recognize the potential impact of long-term care because most children of baby boomers have experienced it first hand by helping their loved ...
Learn MoreJuly 10, 2019 |
How to Handle the Plans for A Loved One Who Has A Chronic Illness
Chronic illness is much more common than most people anticipate. There’s a good chance that it has already touched your life in some way. If ...
Learn MoreJuly 9, 2019 |
New Government Report Reveals Big Scale for Elder Abuse
The decision that you make to place a loved one in a nursing home can be a complicated one, and it probably required a lot ...
Learn MoreJuly 8, 2019 |
Plenty of Parents Missing Key Documents for Estate
Having an estate plan is an important part of your overall financial picture, especially if you’re a parent. A recent study found that plenty of ...
Learn MoreJuly 3, 2019 |
Is Asset Protection Planning Only for Avoiding Paying Taxes?
Too many people are under the impression that asset protection planning is only relevant for the very rich who want to downsize their tax bill. ...
Learn MoreJuly 2, 2019 |
New Study Shows that Nursing Home Costs in the United States Are Rising Quickly
Many people already know that the cost of nursing home or long term care in their older ages can be extremely high. The average cost ...
Learn MoreJuly 1, 2019 |
What is the Cost of Taking Social Security Too Early?
As part of your overall retirement plan, you’re probably counting on your Social Security benefits. But what happens if you miscalculate and end up taking ...
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<p>The post How Do You Know When You Can Retire? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
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<p>The post Inherited IRAs: What Families Need to Know When a Spouse or Adult Child Inherits a Retirement Account first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
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<p>The post Mid-Year Planning Checklist for Business Owners and High-Net-Worth Families: Estate, Tax & Financial Strategies to Review Before Year-End first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
