Tag Archives: Estate Planning

Business Succession Planning Should be a Priority for Business Owners and Professionals

There is one aspect of running a business that most business owners often overlook; succession planning.  I am often reminded of the vary scary scary fact that, Approximately 90 percent of U.S. businesses are family firms, ranging in size from small “mom-n-pop” businesses to the likes of Walmart, Ford, Mars and Marriott. Family businesses areContinue Reading

At Death What You Think Someone Else Wants is Irrelevant

Absent fraud, duress, undue influence or a few other rare reasons whether you agree with a decedent’s estate plan is Irrelevant.  It is amazing how often I have to explain to someone that just because your pain in the ass relative left all her money to her cats doesn’t mean you should complain about itContinue Reading

What is Portability in Estate Planning?

There were a lot of tax law changes (as well as a lot of things that were kept the exact same) when President Obama signed into law the Unemployment Insurance Reauthorization and Job Creation of Act of 2011, but there was one change that simply put, shocked me.  It was the brand new idea thatContinue Reading

Family Businesses and Succession Statistics

I recently read two amazing articles on family businesses, and more specifically family business succession planning.  Both provided amazing statistics that I felt that I had to share since I know quite a few of my readers are business owners.  The take away from both stories that it is simply irresponsible if you have aContinue Reading

Money Can do Good Things Money Can do Bad Things

I was reading the January/February 2011 issue of Money Magazine when I came across the “Readers to the Rescue Section.”  This particular issue’s question was “Is it okay to stipulate in a  will how inherited funds may be spend?”  First, thing is first, someone’s will is based on the eventual decedent’s testamentary intent, and ifContinue Reading

If You Have a Child With Special Needs Please Be Careful When Making Financial Moves

The office I work at has a prominent Special Needs Planning department, and when meeting with one of the planners on a separate case he to me a horrible about parents making financial decisions without fully understanding the ramifications to their child with special needs.  The situation is probably more common than you would expectContinue Reading