Is Your Business Included in Estate Plan?
“When you own or operate a business, ensuring that this plan accounts for the future of the business is critical.”
October 31, 2022
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“When you own or operate a business, ensuring that this plan accounts for the future of the business is critical.”
The main takeaway of this article is a selfless one. Yes, you are deciding how you want your assets to be distributed upon your death. However, estate planning helps your family, friends, and people who you care about with instructions about what is to happen with your assets after you die.
“No one enters a relationship — be it personal or business — thinking it will fail. However, what happens when it does?”
“A common and often costly mistake when it comes to business succession planning is not starting the process early enough.”
“A bipartisan group of House lawmakers are again pushing to allow some recently separated service members to use their GI Bill benefits to start a new business, instead of attending college classes.”
Not all annuities are alike, and some may not be appropriate for you. How much do you know about these investment products?”
“Reaching age 50 is a milestone that most of us celebrate. Still, after you’ve blown out the candles and bid farewell to your guests, you may have a headache from too much champagne, but otherwise feel the same as before.”
“As you prepare for your wedding, have open conversations with your soon-to-be spouse about your financial goals.”
“My sister, her husband and I own an S Corporation with 25%, 25% and 50% ownership, respectively. The S Corporation invests in rental properties. My brother-in-law passed away earlier this year, so does my sister get a step-up in basis for her husband’s portion?”
“We have all heard the saying ‘plan your work and work your plan.’ Planning is one of the most important aspects of managing any business. This is especially true for farms and agribusinesses, due to their complexity and the inherent uncertainties associated with agriculture.”
No matter where you are in life’s journey, we are here.
Whether you need to create an estate plan, protect minor children, need help with long-term care, or you own a business, our caring team can help.
We have 3 convenient locations throughout Mid-Michigan and are ready to serve you.
Take your first step by contacting us today.
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Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation.
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