As a family business owner, perhaps the most important part of your estate planning is doing business succession planning. You need to know how to leave the company to your heirs. Now, perhaps you don’t want to leave the company to your children, or maybe they don’t...
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Creating a succession plan well in advance is good business
You’ve spent most of your time on the two great endeavors of your life, both raising your family and growing your business. They will each likely have some hardships when you’re no longer around to take care of them, but you can ease the transition by planning for the...
Can I avoid probate with a living trust?
Estate planning can be a confusing process. But as tedious as it may seem, having a poorly made will can lead to even bigger headaches for your loved ones. If you are thinking about your estate plans, you may be wondering how to best protect and transfer your assets....
Effective Methods Of Reducing Estate Tax
As someone who lives in Minnesota and has a valuable estate, you may have concerns about how much of it your beneficiaries will ultimately lose to estate taxes. While the threshold for having to pay estate taxes changes from one year to the next, if your estate has a...
Reasons To Start Estate Planning Now
Unfortunately, many young people do not see the point in creating estate plans in their 20s and 30s. Once you marry or have a child, you need to start planning for the future, and it is never too soon to develop an estate plan. Many people do not start thinking...
Are You Planning Your Estate The Right Way?
Most people know they need an estate plan in place for when they eventually pass away. This can be easier said than done. A lot of people have no idea where to start with their estate plans, which is why it is crucial to set some clear, attainable goals. For starters,...
Talk To Your Family About Your Will
Many Hollywood films have glorified the "reading of the will." In these scenes, loved ones learn what they will receive from the deceased party during a physical meeting with the lawyer. Most of the time, there is some surprising information, such as one person...
4 Reasons To Avoid DIY Wills
Numerous articles have popped up in recent years telling people to make their wills without a lawyer. With the advent of the internet, it has never been simpler to make your own will, but you need to be cautious of this. You want to have professional help when it...
Common Mistakes Of Married Couples In Estate Planning
Estate plans help provide estate holders with peace of mind that the set process will ensure the proper handling of their assets once they have passed. This is essential for those who desire to provide for or help others even after they pass. Particularly for couples,...
Common Mistakes To Avoid Making With Your Estate Plan
There are numerous mistakes to avoid making on a will or trust that could compromise the inheritances your beneficiaries will receive. One mistake you can make involves creating your own will. You probably also know that you need more than a simple will in an estate...