Tips for a Successful Family Business Succession
Fewer than one-third of family businesses survive into the second generation, while only 13 percent make it to the third generation. Here are some tips to beat the odds and help your business live on for...
Estate Planning for Second Marriages
Second marriages can present unique challenges when it comes to estate planning, particularly if you or your new spouse have children from previous marriages. Let's take a look at some of the factors,...
If You're Thinking About Downsizing Your Home in Retirement, Avoid These Common Mistakes
Perhaps you have considered selling your current home, buying a smaller one, and using the difference to help fund your retirement. A recent article on Investopedia.com explores this approach and details...
Do You Need A Trust?
One of the first questions many clients ask is whether they need a trust. It's a great question, but it leads to another: What do you want your plan to accomplish? Let's begin with a brief discussion of...
A Look at America’s Most Popular Pension Plan: Social Security
Approximately 50% of elderly Americans receive at least half of their income from Social Security. Let’s take a look at this important program and some of the changes we will see this year. ...
Five Ways President Biden’s Tax Plan Could Impact Your Finances
Although President Biden outlined his tax plan during the presidential campaign, conventional wisdom held that Republicans in the Senate would block the implementation of his agenda. Now that Democrats...
Now Is a Good Time to Review Your Estate Plan
For many of us, the holidays are a time to reflect upon the changes that have taken place over the course of the year. ...
What is the Difference Between a Will, a Living Will, and a Pour-Over Will?
These three legal documents have similar names but they are quite different in terms of the estate planning goals they help you accomplish. ...
Your Legacy is More than Just the Money You Leave to Loved Ones
When we hear the word legacy, many of us think of money left to people and institutions that have come to mean the most to us over the course of our lives. But your legacy is much more than that. ...
The Proper Planning Mix for Blended Families, Continued
Last time we looked at planning for blended families in general terms. Now let's discuss some specific trusts that you might want to consider. ...