A business reflects its owner, and a clear plan can keep that concern on the path that was chosen. Lack of a succession plan could morph the business into something different or leave it in the hands of someone who would not reflect the founder’s intent or attitude.  The type of plan used will depend […]

With persons over 50 possessing 70% of the wealth in the majority of families across the United States, family members and predators alike may attempt activities equal to abuse. Key signs to look for in order to prevent abuse in these situations include a sudden appearance of a new best friend, utility disconnect notices or […]

The key in planning ahead for the well-being of your beloved pet is to find a caring organization or person and to candidly talk to ensure willingness and ability to take that responsibility. A will can bequeath the pet and funds for its care but it cannot usually be enforced. A pet trust, however, has […]

The just-announced Chan-Zuckerberg Initiative may change the face of high network giving, as rather than granting funds to an outside entity they acted to give to themselves. The CZI was structured as an LLC which does give up some tax benefit but in return gains certain freedoms, like the ability to lobby legislation, engage in […]

Keeping in mind that doctors, business owners and real estate investors are most vulnerable to attacks on their assets, the goal for protection is to actively plan and plan ahead. Every six months, you should inventory every possible asset. Never be in the psychological position of just waiting for the future. Be very careful with […]

Forbes Asia recently interviewed a fast food entrepreneur in Hong Kong who shared insights into business succession that are universally applicable. Although family businesses account for 80% of the global economy, next to divorce and bereavement, succession may carry the greater stress. And the letting go process for an owner can be a real psychological […]

  Part of prudent cost prevention lies in understanding the spectrum of health for seniors as well as the spectrum of costs. Home care of a non-medical nature such as laundry and other related services as well as home healthcare such as checking temperature, pulse or equipment will both average around $20 an hour. Based […]

As art collections increase over time, they become more important in terms of estate value. They can also become more problematic if the heirs are not lovers of the medium. The use, donation and loan of art can involve a transfer of wealth valuation which can benefit collectors as appraisals are often not done. As […]

Holidays are, for many families, a gathering of multiple generations and if entered into properly, could be an uplifting opportunity to discuss both past living and future planning. A start could be a video or just the opportunity for the elders to talk of their lives including successes and mistakes. This would almost always often […]

As we cannot protect your life in every possible contingency, a good defense can be a good offense against those who would otherwise take your assets. This includes umbrella insurance to supplement your liability insurance, perhaps equal to your net worth or a multiple of a net worth. This can help to defend from attack […]