Selling a family business, whether it’s due to lack of succession options, estate issues or the need for liquidity can cause problems as a result of sudden liquid wealth.
Passing on the family business also carries with it needs worthy of great consideration and counsel from trusted advisors. Whether to travel, work or pursue hobbies or philanthropy, the business structure within the family operated will be gone if the business is passed on to someone else and this can be an emotional struggle.
December 8, 2015 |
Selling a family business, whether it’s due to lack of succession options, estate issues or the need for liquidity can cause problems as a result ...
Learn MoreDecember 7, 2015 |
Confusion and dementia are serious concerns for the elderly population in the United States. Both of these can contribute to compromising freedom and flexibility for ...
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According to PEW research, in 2012 the number of unmarried individuals aged 25 or polder had reached 20% of the population. This is a significant ...
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The incident and attendant health crisis of Lamar Odom are a sobering teaching point. Life changes and disability or death can be sudden and they ...
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Would you rather Watch it than Read it? Here’s a quicklist of must-see videos to get you up to speed on some Wills, Trusts & Estate ...
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One of the most basic steps to take in asset protection is using insurance. Insurance can help to protect your assets and an umbrella policy ...
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As baby boomers age into their 60s and 70s, more of them are preparing to leave their businesses behind. In order to do this, baby ...
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Planning for the future in terms of your estate may also include putting together a place for friends and family together and share memories. On ...
Learn MoreNovember 27, 2015 |
Much like offshore assets, the Caribbean reef squid is a master of disguise. Its skin composition allow it to blend into surroundings and in ...
Learn MoreNovember 26, 2015 |
Although the needs of a single individual could be different, the importance of conducting planning in this situation is just as important. A will ...
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Understanding the rules for inherited IRAs is essential to avoiding costly mistakes. Learn the key differences between spouse and non-spouse beneficiaries, required distributions, and important planning considerations. An Individual Retirement Account (IRA) is often one of the ...
<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>
Mid-year is the ideal time for business owners and high-net-worth families to review estate plans, tax strategies, retirement planning, and wealth transfer opportunities before year-end. As the calendar reaches its midpoint, many business owners and affluent families are focused on growing their businesses, managing investments, and enjoying the summer months. However, mid-year is also ...
<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>
Discover how strategic gifting can help reduce future estate taxes, support loved ones, and create a lasting legacy as part of a comprehensive estate and financial planning strategy. When most people think about estate planning, they picture wills, trusts, and beneficiary designations. While those documents are essential, one often-overlooked strategy can provide ...
<p>The post The Power of Gifting: A Smart Strategy for Estate, Tax, and Financial Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
