Your estate plan should ease the burden on your loved ones during a time of grief or an emergency. Despite this being one of the best reasons to have an estate plan, there are so many misconceptions when it comes to who estate plans are for or why you need one. The absence of a [...]
If you’ve taken the time to create your estate plan, you need to make sure that it’s up to date. A proper estate plan takes time and is a serious commitment to organizing your life and making big decisions. With all this time invested, you do not want to undermine your plan before you actually [...]
Everyone is open to potential lawsuits, but licensed professionals and business owners are even more at risk. Doctors, dentists, veterinarians, small business owners, and even attorneys themselves, have a higher risk of being sued and need more extensive estate planning to protect all they’ve worked for. So while it’s important for everyone to have an [...]
You’re always looking for ways to make your business better, but are you making sure your business is also protected? If your business has been established as an LLC, or Limited Liability Company, there are ways to transfer your assets to the next generation through your estate plan. Here’s how to include your LLC [...]
Updating your business succession plan should be a regular part of managing your business. We previously wrote about common succession planning mistakes that are made and one of the biggest mistakes that needs to be highlighted is not updating your succession plan regularly. Like your estate plan, your business succession plan is not set [...]
As a business owner, you probably feel that your business is your baby. Business succession planning always seems so far off. It’s hard to think about what may happen to your business when you’re no longer able to run it. To ensure your business will keep running once you leave it, or to get [...]
Estate planning can seem overwhelming if you are just getting started. Making these big decisions is a lot to think about and once you throw in all the terms you will start to hear, you may be instantly overwhelmed. Of course some of the biggest decisions you’ll have to make surround who you will [...]
Watching our parents get older is hard. They are the ones you look to as you grow up and it’s incredibly difficult to watch as the roles reverse and they become more dependent on you. If you are entering this stage of life where you are finding yourself becoming a caretaker of aging parents, [...]
It's a common misconception that estate planning is only for the wealthy or for married couples. In reality, everyone should have some sort of estate plan. This is even more true if you are single because you don’t have an obvious person to handle your affairs should something happen to you. So if you’re [...]
Estate planning for special needs children doesn’t need to be complicated, but it is daunting to think about. Parents of children with special needs know all too well how much care and planning goes into making sure their children are taken care of and receive the education and services they need. Planning for their [...]
