November 4, 2019 |
Own a Financial Firm? It’s Time to Start Succession Planning
Many financial advisors are soon to be aging out of their companies. The average age of today’s financial advisors in the United States is in ...
Learn MoreOwn a Financial Firm? It’s Time to Start Succession Planning
Many financial advisors are soon to be aging out of their companies. The average age of today’s financial advisors in the United States is in the mid-50s and plenty of these professionals are moving into their 50s and 60s.
The future fates of these thousands of practices, however, hangs in the balance for those that have not completed succession planning. Studies show that the vast majority of small advisors, particularly those who are handling their firm on a solo basis have no successor or business succession plan set up.
According to recent research studies, solo practitioners who bring in around $250,000 per year in revenue often have no succession plan and the alarming fact that these represent up to 70% of the financial planning industry.
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Blogs for Estate Planning
October 30, 2019 |
Asset Protection Planning: What’s Your Personal Liability?
You’ve purchased car insurance to give you peace of mind if you’re ever in an accident. Based on the same potential exposure risk, you also ...
Learn MoreOctober 29, 2019 |
Are You Living in One of the Most Expensive States for Long Term Care?
Long term care costs could decimate your retirement planning if you don’t work out a plan to qualify for Medicaid in advance. Talking to an ...
Learn MoreOctober 28, 2019 |
Your Estate: Don’t Assume it Will All Be Figured Out
The topic of completing your will might give you some nerves because you don’t want to think about when you’re no longer around or because ...
Learn MoreOctober 23, 2019 |
What Should You Consider When Passing On a Big Inheritance?
Even though receiving inheritance might seem like a welcome windfall for people in your family, there are some setbacks associated with receiving a substantial inheritance. ...
Learn MoreOctober 22, 2019 |
What Should Busy Doctors Consider with an Asset Protection Plan?
Having the best financial practices in place is important for new and experienced physicians. Doctors are unique due to the significant amount of time they ...
Learn MoreOctober 21, 2019 |
Estate Planning Goes Beyond the Will for Veterans
It’s that time of year to celebrate the season and enjoy opportunities with your family. This is also a good time, however, to sit down ...
Learn MoreOctober 17, 2019 |
What’s the Process for Intestate Administration?
The intervention of a probate court might be necessary in your estate if you don’t discuss your options with an estate planning lawyer beforehand. Certain ...
Learn MoreOctober 16, 2019 |
New Study Explores Best States for Nursing Home Care
Whether you’re researching the option for a loved one or considering your own needs with nursing home care, it’s an important decision that factors in ...
Learn MoreOctober 15, 2019 |
Alzheimer’s and Estate Planning: Using Advanced Directives
An advanced directive is a tool that can be used by anyone to explain the healthcare wishes of a person who is no longer able ...
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Recent Posts
The Family Financial Meeting: 10 Things Your Children Should Know Before They Need to Know Them
A family financial meeting can prepare adult children for future responsibilities without revealing every financial detail. Here are 10 things they should know before a crisis occurs. For many families, conversations about money happen only when circumstances force them to happen. A parent ...
<p>The post The Family Financial Meeting: 10 Things Your Children Should Know Before They Need to Know Them first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
Are You Paying Taxes Today That You Could Be Planning Around?
Proactive tax planning can help business owners and families identify tax-sensitive decisions before deadlines arrive. Explore six situations worth reviewing throughout the year. Tax planning is often associated with filing season. But ...
<p>The post Are You Paying Taxes Today That You Could Be Planning Around? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
When Your Financial Life Becomes Too Complicated for a Collection of Separate Advisors
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<p>The post When Your Financial Life Becomes Too Complicated for a Collection of Separate Advisors first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
