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A significant number of businesses in the U.S. are started by families. As a business owner, you may wish to keep this going once you step down. While including your children in a succession plan can be beneficial, it’s important to prepare them as well as possible....
When it comes to dividing up an inheritance, assets do not necessarily have to be divided between beneficiaries. This is often the case, as financial accounts may be split evenly or specific tangible assets may be given directly to one beneficiary, while another...
People who take the time to create estate plans can protect their loved ones and establish a legacy that has a positive impact on others. The most effective and beneficial estate plans typically include highly-customized terms based on an individual's resources and...
There’s something about entrepreneurship that can't be found in a 9 to 5 job. Sure, risk is involved, but few things can match the feeling you get from watching a business grow from an idea into a successful enterprise. But what will happen to your business when you...
When planning for your future, it is important to consider how decisions will be made if you are ever unable to make them for yourself. One way to help ensure your affairs are managed properly is by adding powers of attorney (POAs) to your estate plan. A POA allows...
Estate planning is important for adults because it gives them the power to decide who is going to get which assets once the creator passes away. There are many components that people can utilize when they’re creating their estate plan. One of these is a trust. Trusts...
During the estate planning process, it is important to have someone in charge of managing and executing your wishes regarding both physical and digital assets. For a digital estate plan, this responsibility often falls to a digital fiduciary—a trusted individual or...
Real estate construction projects, ranging from erecting brand-new buildings to remodeling projects, require investment and create a degree of risk. Property owners must hire professionals to complete the project. The funds that they deposit toward the cost of the...
Foreclosure is a homeowner's worst nightmare. Until they pay off their mortgage, the home that they purchased is vulnerable. It serves as the collateral property for the loan. If they do not make all of their payments on time, the lender may eventually try to lay...
Buying a new home is an exciting yet daunting journey. Many buyers focus on finding the perfect property with the right layout, location and price. However, one critical factor that often slips under the radar is the neighborhood. A beautiful house with bad neighbors...
