Only about 25% of family businesses survive 15 years or more, and only about 25% of the “survivors” will survive the transition to the founders’ descendants. Many factors contribute to...…
A trust is created when a person transfers “stuff” to a trustee, who will manage the stuff for the benefit of one or more beneficiaries. “Stuff” includes real property—such as...…
You may be tempted to treat a caregiver as a “private contractor” in order to avoid the humbug of tax withholding and buying the right insurance policies. You would do...…
Estate planning is the process of protecting that which is important and then passing those important things on to our loved ones and future generations. Many concepts that are central...…
When I was in elementary school in the 1960’s, my family’s set of encyclopedias claimed that I could expect to live to the ripe old age of 70. That seemed...…
If nothing else, recent events have brought us face to face with mortality. Although none of us knows when death will overtake us or a loved one, we know that...…
Conversations with family, friends, and colleagues can sometimes wander into the topic of lawsuits, divorces, bankruptcies, and other threats that put one’s property at risk of loss to a creditor....…
The COVID-19 pandemic has led to volatile markets, and your retirement account may have a much smaller balance than only a few short months ago. In response to the economic...…
Although the impacts of COVID-19 continue to leave Americans and the global community uncertain of the future, you don’t have to feel helpless. In fact, now is a great time...…
News about the coronavirus is everywhere, and we have all been affected by it in some way, even if we are currently completely healthy. Although it may seem as though...…
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