If you currently own a business and are anticipating selling it in the future, you need to look back at your foundational documents including any buy/sell agreements to determine whether or not guidelines are already established.  There are five crucial financial planning areas that you need to consider when planning to sell your business. First […]

Part of estate planning is ensuring that the inheritance you pass on goes where you want it to after your death. But how can you ensure that your assets are protected long after you’re gone? Do you hope to pass on as many assets as possible? Do you know whether or not your beneficiaries could […]

There are many different estate planning challenges facing families, individuals and businesses today, but a new study reveals that family conflict tops the list of estate planning challenges. Although tax reform is on the tip of everyone’s tongue when it comes to looking ahead, it’s not the number one issue facing families at this current […]

Do you own a business that has appreciated in value and you are thinking about making an exit plan? For many Americans who own a business, this is a substantial part of their financial future and it may be the time to realize this value in cash. As the economy gets better, more people are […]

Required minimum distributions, also referred to as RMDs, are typically due by the end of the year, so most people will put them off until that point. Many people will assume that it is best to take their RMDs later in the year to maximize the tax deferred bill for as long as they can. […]

Many people might assume that they don’t need the benefits of estate planning and will therefore, put off this process entirely. However, more and more people are in need of advanced planning strategies and finding themselves in a crisis situation, such as when a loved one who handled all of the finances passes away or […]

Many clients who are suddenly facing the prospect of losing a loved one find themselves in over their head and extremely confused about the next steps they need to take. There may be nothing certain about life except death and taxes, but filing and paying taxes after a loved one has died can seem like […]

Many people who generate revocable living trusts don’t truly reap all of the advantages available to them. They might understand the basic benefits associated with putting together a revocable living trust, but you need to ensure that you are heirs are able to enjoy the benefits of this trust down the road.  In a typical […]

A power of attorney is a vital estate planning document, but you need to know how to maximize its benefits as well as the limits. In a power of attorney document, you are the principle and name one or more agents, frequently an adult child to act on your behalf.  The agent can be empowered […]

Perhaps the best test of how much you care about your survivors and the legacy you’ll leave behind is the organization of your estate. There are two crucial components of your estate to consider.  The first is your physical estate and for many people, this refers to their personal possessions as well as their home. […]