You may question the value of an estate planning attorney. After all, you can just download a generic template last will off the Internet. It’s simply a matter of filling in the blanks. In reality, estate planning is not a one-size-fits-all endeavor. Let’s look at some of the circumstances that families typically face. Access to […]
Small Business Planning
Getting into business is a big decision that require some careful planning if you want to be successful. At the same time, getting out of the business is another big decision that requires intelligent and informed succession planning. Small business owners are obviously going to prioritize the present, particularly when they are first starting out. […]
Estate planning for people who are partners in small businesses often involves the execution of buy-sell agreements. If you were to just leave your share of the business to your family what would they do with it? It is possible that someone in the family would want to fill your role in the business, but […]
The remaining $27.5 million was never paid. The business assets were protected; Frank, Jim, and Pams personal assets were protected.
You have worked hard to build your small business. Youve given it the best years of your life and you cant imagine giving it up. To protect its financial health, its day-to-day operations and develop a plan for succession, youll need a estate planning documents. By creating a living trust you can . . . […]