Along with appraisers, estate lawyers, and CPAs, family business owners were present in an Internal Revenue Service auditorium recently, to share their opposition to propose Treasury Department rules that will have a significant impact on their legacy plans. These proposed rules are referred to as the 2704 regulations and these would minimize valuation discounts and lead […]

Every family business should have succession planning as a key priority. Sooner or later every individual will want to retire but there are numerous other reasons why you may wish to step out of a business. Ensuring that you have enough money to retire on and that you have key procedures in place in the […]

According to plenty of research studies, half of all individuals in the United States don’t have an estate plan or a will at all. People make plenty of opportunities to make excuses for putting off the inevitable. For example, you may be uncomfortable thinking about or planning for your own mortality, or you may be […]

No matter the size of your business, it’s important to think ahead to the future. This could be one of the most important ways that you protect your loved ones and also ensure a successful financial future for your business. What follows are several of the most important tips to keep in the back of […]

When it comes to putting together the critical documents that outline what will happen to you in the event that you become incapacitated or your property in the event that you pass away, it might seem like a crockpot that you can set and forget. However, estate planning requires regular maintenance and oversight just as […]

Many people can share a horror story about a loved one who did not have appropriate end of life care documents set up when an incapacitating event occurred. In order to avoid a crisis in your own family, it is a good idea to think about having these documents for yourself as well as for […]

If you are thinking about possibly becoming a snowbird, it’s a good idea to do some financial and estate planning first. A recent study from Maryland indicates that by age 61, the majority of individuals feel as though they are free to choose where they want to live the most. Earlier in life, however, many […]

Estate planning is about more than thinking of who will inherit your assets when you pass away. It is also important to think about who will manage your finances, your healthcare decisions, and your assets in the event that you become incapacitated.  Incapacity planning raises the question of whether or not it makes sense to […]

A medical power of attorney may also be referred to as a healthcare surrogate or a healthcare proxy, but this critical document allows you to appoint another individual to make medical decisions on your behalf if you become unable to do so. In the event that you are no longer able to understand medical instructions […]

Many people express discomfort when it comes to talking about their own mortality or putting together an estate plan. Many more individuals simply believe that they do not have enough assets to warrant an estate plan. Remember, however, that putting together these critical documents and planning strategies is about more than what will happen to […]