Tag Archives for " Business Succession "
Are You Going to Take Advantage of the Proposed “Clawback” Changes?
Because of the recent tax law changes, there is an interesting proposal on the table that will be voted on in March of 2019. It is expected to pass with little opposition. If it does pass, there will be some interesting “opportunities” for people between now and 2026. This is the window where you will […]
Continue readingCelebrity “Fail” Series…Fail #3…How Burt Reynolds and Aretha Franklin Failed at Estate Planning
This is the third in our “Celebrity Fail Series” that talks about how celebrities failed to do the proper planning for their estates. Besides having some great entertainment value, there are some important lessons that can be learned from some of the most recognized celebrities. It also demonstrates that effective estate planning isn’t about having the […]
Continue readingWhy You May Want to Form an LLC
I find that there are a lot more “unknowns” and “concerns” about an LLC (limited liability company) that perhaps any of the other business structures…at least I seem to get more questions about LLCs than the others. So it caused me to conclude that most people really don’t understand all the benefits surrounding an LLC […]
Continue reading10 Reasons Why Estate Planning is Much More Than Reducing Your Taxes
One of the most common “myths” or “misunderstandings” about Estate Planning is that it is all about “reducing your taxes.” While this is certainly a significant benefit of proper planning, it isn’t the only thing…in fact, it’s only 1 of MANY benefits you will gain from proper estate planning.Taxes are important…but not the only thingWhen […]
Continue readingReasons Why Receiving an Inheritance Might be Trickier Than You Think
It has been estimated that more than $41 trillion will be transferred to heirs in the United States over the next 50 years. This is the largest transfer of wealth in U.S. history. Are you entitled to some of this pot of money? If you are, there are some things you should be aware of […]
Continue readingIt’s “WHY” and “HOW”…Not the “WHO” and “WHAT” that Matters
Someone asked me the other day when I was giving a speech to tell them exactly what “Estate Planning” really means. Seems like an easy answer for me, but not so much for everyone else. So I turned the question back on the audience and asked them what Estate Planning meant to them. Surprisingly, or […]
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