Business succession planning gets complicated. If you leave a company to your children, are you making their career choices for them? What if they wanted to do something else with their lives?It's a worry that many parents have, and it's true that children often feel...
Month: April 2019
Choosing the right trust for your situation
People often understand the basic idea of using a trust in an estate plan. You put your assets into the trust, you write out instructions on how the trust should operate, and then the assets get used or distributed in accordance with those rules. A trust gives you...
Talk to your heirs about end-of-life wishes
What type of end-of-life care do you really want? Now, everyone hopes that they will pass away peacefully, without complications, but that rarely happens. Planning for the medical care that you want at this time should be part of your estate planning as a whole.One...
How fast do people spend an inheritance?
You spend years building up your wealth. Maybe it takes decades. You put money and assets aside to pass on to your children.But how long is that really going to last? After you leave the money to your children, how fast do you think that they're going to spend...
It takes time to get the kids ready to take over your company
Do you own your own company, and are you trying to figure out how to pass it on to the children when you pass away? Business succession planning is very important on many levels -- for the company, the employees and your family. Therefore, it's crucial to do it...
