Estate planning is something you have never addressed because you just did not know where to get started. Now you're thinking you absolutely want to get a plan in place. What should you do first?To begin, just start by asking yourself a few basic questions. These can...
Month: January 2020
3 interesting modern business succession topics
The business world is changing, and that can impact a family's succession plan. When much of the family's wealth is tied up in a family business, getting it right is important. Here are three crucial topics to keep in mind.1. Lines of succession should be clear....
A concerning trend shows women don’t make financial decisions
Are you married, in an opposite-sex marriage? If so, how do you and your spouse make financial decisions? Who tends to handle the finances more often?For instance, perhaps you are a woman and you tend to let your husband make big financial decisions. Maybe he pays the...
Estate planning after getting married again
You got married 20 years ago, had children and got divorced. Now you're getting married again. Is it time to think about estate planning? Do you need to create a plan or update the one you have?This is absolutely something to think about. If you don't, experts warn...
Staying in your home to leave it to your children
You want your children to have your house after you pass away. However, you do not want to give it to them as a gift in advance because you plan to live there until you pass away. Likewise, you don't want to sell it to them. So, if you just stay in the home and wait,...
Do employees stay as your business changes hands?
As you prepare to move on from your business, you start thinking about your employees. Do they now face an uncertain future? Or will they stay with the company?Every situation is different, but remember that even many third-party buyers want to keep key employees, if...