Transferring a family business from one generation to the next comes with many challenges. Most notably, generational disagreements could arise about the way the company should be managed. Younger generations might want to explore new trends with a better sense for...
Month: November 2017
What’s a transfer-on-death deed?
Estate planners use a lot of strategies to help their clients avoid probate for their heirs. The probate process can be long, drawn out, stressful and costly. It can also be frustrating for heirs who could benefit from certain assets now to have to wait -- and...
You don’t have to be an estate planning hero
"Don't be a hero!" This phrase is used in certain situations in which it would be perilous for someone to attempt to fix something better left alone. Although we admire the heroes in our lives, many situations don't require a hero's attitude to ensure that they are...
Billionaire’s daughter seeks to inherit millions after death
The founder of North Face and Esprit, Douglas Tompkins, died in December 2015 after a kayaking accident in Chile. In the man's estate planning, he didn't leave any money to his five grandchildren or his two daughters who live in the San Francisco area. The daughter is...