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.”
What Happens If Couple Divorce and Own Business?
“No one enters a relationship — be it personal or business — thinking it will fail. However, what happens when it does?”
When Should I Think About Business Succession?
“A common and often costly mistake when it comes to business succession planning is not starting the process early enough.”
How Should I Plan to Sell My Business?
“According to the Exit Planning Institute of Ohio, recent studies show that over 60% of the current U.S. business market is owned by baby boomers (those born between 1946 and 1964), who are ready to exit or transition their business over the next 10 years.”
How to Avoid a Family Fight over Company
“In coming years, millions of Baby Boomers — those born between 1946 and 1964 — are expected to retire in the U.S. In fact, by some estimates nearly a quarter of this country’s population will be aged 65-or-older within a few decades.”
Is Estate Planning Really That Important?
“The only person who doesn’t need an estate and gift plan is the one who lives forever and never gets sick!”
What Can We Learn from Painter Bob Ross’ Business Succession and Estate Planning?
“The new, buzzy Netflix documentary on the late, beloved, iconic public broadcasting TV host, painter Bob Ross—“Bob Ross: Happy Accidents, Betrayal and Greed”—documents how the artist’s son, Steve, now 55, was allegedly robbed of his late father’s inheritance by the artist’s business partners.”
What Do I Need in My Estate Plan?
“An effective estate plan uses a collection of documents and teamwork to protect one’s assets and personal property. An effective estate plan also explains and carries intentions of how to pass control down to successors in the event of your absence.”
Can I Be Certain My Estate Plan Is Successful?
“Your estate plan is much more likely to be successful, when you recognize and avoid the most common mistakes and take some key actions that often are overlooked.”
What to do If Someone Wants to Buy Your Business
“You may be running your business for years without any thoughts of selling and then suddenly receive an offer to buy your firm. It could be from a private equity group, a competitor or a key customer or supplier.”
