Critical components of a business succession plan Operating a business can be an incredible responsibility. It takes a considerable amount of time, money and personal commitment to start a business and keep it running. Thus, it can be difficult to think about what...
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Protecting yourself as an estate administrator
Serving as an estate executor is a significant responsibility. In this role, you are tasked with carrying out a person's affairs after he or she passes away, and this can involve addressing a myriad of financial and legal matters.Unfortunately, you might also...
4 types of disputes that can derail family-run businesses
There are numerous benefits to running a family business, from providing security and opportunity for loved ones to having professional flexibility and freedom.However, there are challenges for every new business owner. They must get the business up and running and...
Creating a legacy: Make your estate plan your own
There are many ways people follow in their parents’ and grandparents’ footsteps. Some attend their father’s alma mater, use their grandmother’s gravy recipe or take over the business their mother started. However, when it comes to the legacy...
5 tips for bringing young people into the family business
Running a small business can be a dream come true for owners. And many people hope to pass the company down to their children and grandchildren at some point.If you hope to pass your business to the next generation, consider the following tips that can help you do so....
How do I make my first will?
Wills can be complex documents to create. Not only are they difficult at first, they need to be updated when there are significant changes in life circumstances - such as when someone buys their first property, gets married, or has kids.But what should someone know...
Detailed Wills Can Reduce Stress on Surviving Family
When you think about the future, and what may happen to your family after you pass away, you likely think about how you can leave them some protection or memento to ease their suffering.You likely don’t consider the negative effects of what may transpire between...
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