What Business Entities May Be Used in Business Succession Planning?
When we do business succession planning, the entities we create could be a family trust, wherein the senior generation passes control of the entity, management
When we do business succession planning, the entities we create could be a family trust, wherein the senior generation passes control of the entity, management
Selling your business is part of the succession plan. Business succession either happens while you’re alive, an asset sale, or a component of your estate
Business succession planning is the process whereby the ownership and management of a business, plan for the succession and continuation of the business based on
Naming your children as executors or powers of attorney is simply a matter of sitting down with your estate attorney, clearly communicating what it is
Titling your assets in the name of a living trust will keep you and your family out of probate court. When you set up a
The costs associated with probate include an initial filing fee and publication fee. Ultimately, the attorney’s fee, executor’s fees, costs related to the sale of
There are many different types of trusts. The creator of a Revocable Trust, often called the Grantor, retains certain rights with respect to the trust: usually,
The first type of assistance that we provide to clients going through probate is guidance in determining whether or not probate is even necessary in
A Living Trust is a legal instrument like a will, which has instructions for what you want to happen to your assets at incapacity or
Older individuals who already have an estate plan that they created in the early 2000s or mid-2000s might have complicated trust planning that was designed