When you pass away without a will, the court takes over the distribution of your estate. During this process, the court determines the most appropriate way to distribute your assets, but allowing this to happen does present some dangers.  The first challenge has to do with time. Average settlement lengths for probate are between nine […]

Make sure you avoid the most common estate planning mistakes both to give you peace of mind and to increase the chances that your loved ones have minimal challenges when you pass away.  No Estate Plan Too many people avoid putting together a plan at all, which puts their estate at risk of being determined […]

Follow the 8 steps below to increase the chances that your assets are protected. In a time when just one blow to your assets could wipe them out or severely set back your own retirement, it’s simply prudent to plan ahead and guard yourself against major risks.  Select the appropriate business entity, like an LLC […]

By the year 2050, more than 1/5 of the population will be aged 65 or older. Although one of the most common solutions to the challenges of aging is to move an elderly relative to the nursing home, it’s certainly not the only option. There are situations where your loved one may not thrive there, […]

Succession planning is one of the most important steps you can take for your business, but all too often it gets pushed off or glossed over entirely. Taking the time to really consider your options, however, can help to lay the groundwork for a better transition in the future. Procrastinating could lead to a bad […]

Even though a myriad of celebrity stories point out the challenges associated with failing to create a solid estate plan, it seems like taking this action just isn’t on the radar for most people. Even though 61 percent of people aged 55 and older had an estate plan in 1998, that number has dropped to […]

The limited liability company has become the most popular entity for a small business owner to use, and they may also offer some benefits in the form of asset protection planning. Choosing the LLC instead of a corporation structure can be a wise decision, but it raises the question of where the entity should be established. […]

If you fall into the baby boomer generation or you’re caring for an aging parent who is, you’re part of a nationwide shift that will alter the focus from retirement planning to end of life care in the next few decades. As baby boomers transition into retirement, their initial concerns tend to be about the […]

In order to put the proper elements in place for your succession planning, you should be in tune with critical metrics for the business. There are several different factors that you should explore with regard to your succession planning. If you’re an owner of a business, here’s the steps to take before you create and […]

Even though it might seem overwhelming and confusing, there are six key steps you can take to have a solid estate plan in place before you exit the U.S. Here’s what to do when you’re planning to leave.  Review Your Estate Plan in Full You’ll become subject to local laws about estates when you establish […]