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 […]

It’s so common for small business owners to love their work so much that they it might not even be on their radar to think about retirement. As a recent inc.com article points out, though, you might be tempted with an offer you can’t refuse at any point in your business. Are you prepared if […]

Have you ever heard the phrase “the best offense is a good defense”?  It doesn’t matter how intelligent you are or how in tune you are with business, this often gets overlooked when it comes to protecting your wealth. Consulting with an estate planning specialist can help you identify the best way to protect your […]

Usually, it’s Medicare that gets the bulk of news coverage, but Medicaid is still quite confusing for many people. Here are some of the most common misconceptions about Medicaid.    You Must Be Poor to Get It Medicaid helps people qualify for long-term care, and it’s true that you cannot have more than a specific […]

A common misconception holds that living trusts are only for the very rich. The belief may stem from history; in the 16th century Britain kings often controlled their lords’ power by seizing and distributing their lands as they died; the structure of a trust allowed circumvention by deeding property to the church, with the understanding […]