When Should I Think About Business Succession?
April 27, 2022
A common and often costly mistake when it comes to business succession planning is not starting the process early enough.
A common and often costly mistake when it comes to business succession planning is not starting the process early enough.
This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.
While it’s never fun or pleasant to think about what will happen to them if the worst should happen to us, it’s very important to consider how we can ensure that they are well cared-for when and if we are no longer able to care for them ourselves.
Diana Rigg left her daughter Rachael Stirling £3 million of her fortune after a “traumatic” time living with her before she died, according to reports.
The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs).
These vacation homes may also comprise a significant portion of the family’s wealth. Therefore, it’s understandable that homeowners want to pass their properties and family traditions to future generations.
Financial exploitation comes in many forms, and older adults are often the victims.
Japanese study found older male golfers were 37% less likely to get dementia.
It’s hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family’s leadership role and manage the family’s transition of wealth.
Unfortunately, there are several common missteps people make in their estate planning that can lead to unwanted results. Read on to discover the two things you should never include in your will, as well as what to substitute instead.
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