Safeguard Your
Assets
A large part of estate planning involves what happens when you die. Thus, you need to choose someone to take charge when this happens. The official term for them is the executor of your estate. It’s a critical role, as doing the job poorly could result in errors that...
There are many different types of trusts that you can use in your estate planning, and one of these is known as an incentive trust. As the name implies, this is a trust that you set up to give incentives to your heirs to do (or not do) certain things. These are...
Owning a business can be an exciting way to support yourself and your family. While there are parts of running a business that can be challenging and stressful, your company gives you the ability to be your own boss as you provide for the future of your family. Part...
Getting an estate plan is the first step. Keeping it up to date, the second and often forgotten step. There are certain life events that trigger a need to review an estate plan and make sure it still meets your needs. Three examples include the following. #1: Change...
A trust is a legal tool that can serve as part of an estate plan. This tool can serve many purposes, including asset protection. It is important to include specific provisions within the language of the trust to achieve this goal. One key to asset protection when...
If you want your family fortune to trickle down to future generations, you should consider having more than a will when making your estate plans. A trust can help do the job for you. By design, trusts are meant to last forever, making them ideal when passing down the...
A savvy business leader knows that you need to plan not just for today to find success, but also for the future. Part of a successful business plan, one that looks not just to immediate success but the long-term, includes a strong, well-developed business succession...
Estate planning is the process of putting together documents to help better ensure your assets are handled according to your wishes. You can use a variety of legal documents to achieve this goal, including a will or putting together trusts as well as healthcare...
Estate planning is important regardless of age or familial status, but it is especially important for business owners. Not only do business owners need to plan for the distribution of their own personal assets, but they also need to take special steps to help ensure...