A: Setting up a trust is key—it's like the "mash" in your estate planning potatoes, it blends everything together smoothly, and will leave your beneficiaries "giving thanks" that you were so thoughtful in your preparation!
Succession Plan
Choose a successor as you focus on business estate planning
When you own a business, you need to include it in your estate plan. Not including it means that the business could be passed on to a beneficiary that you didn't designate after your death. It could be sold or run in a way that you would not have approved of.When...
Choosing An Executor Is Crucial In Estate Planning
A solid estate plan includes many details. A major one is having the right executor, or personal representative, whose job it is to fulfill the wishes of the testator -- the person who makes the will. It takes special skills to be an executor due to many legal and...
6 tips for transferring your business to the next generation
Owning a small business is an emotional experience. The blood, sweat and tears you put into keeping your company afloat over an entire career create a bond that can make letting go difficult. If you are looking to pass on the business to the next generation, there are...
