by Christine | Mar 14, 2014 | Business Sale, ESOP, Estate Plan, Small Business, Succession Planning |
The 1974 ESOP law and later amendments were designed to encourage employee ownership. Company founders who initially sell just part of their stake and stay on as CEO say the best news comes after the deal: employees start to act more like owners. Ideas formerly kept...
by Christine | Mar 13, 2014 | Estate Planning, Family Business, Wealth Transfer |
As for the last conspiracy theory – elite families passing their wealth from generation to generation – evidence suggests that it is the exception rather than the rule. If you were able to create some wealth through the family business, how do you keep it going in...
by Christine | Mar 12, 2014 | Elder Care, Elder Law, Long Term Care Insurance |
Michael Pirron called John Hancock to ask about the care options covered by his parents’ insurance.“Their answer was, essentially, ‘What policy?’” he said. The policies had lapsed eight months earlier, and it was too late to send in the past due amount and get them...
by Christine | Mar 11, 2014 | Estate Planning |
This week, I had the pleasure of writing an article for "The Caregiver's Voice" website regarding how to talk to your parents about estate planning. Here is the link to the article hope you find it interesting, and most importantly, useful....
by Christine | Mar 11, 2014 | Elder Law, Medi-Cal Long Term Care, Medicaid |
… This is government insurance for people who have very little money that covers, among other things, the cost of home care and nursing home care when a recipient can no longer care for himself. What is Medicaid? It is called Medi-Cal in California (and only in...
by Christine | Mar 10, 2014 | Elder Law, Estate Law |
… Multi-generational living arrangements present legal and financial challenges around home ownership. The family home is that special place where the family lives and comes together. In fact, some families take it one step further and actually all live under...
by Christine | Mar 7, 2014 | Estate Planning |
Completing the following four tasks can help you meet any last obligations to your loved ones, ensure your final days are spent as you want, and reconcile your dreams with the realities of your life. Is a goal without a plan just a wish? Regardless of the goals...
by Christine | Mar 6, 2014 | Elder Law, Estate Law, Gift Tax, Loans |
Be prepared to demonstrate that the loan is legitimate, and that repayments are being made regularly. This documentation can also help sort matters out if the lender should die before the full value of the loan has been repaid. If you are compelled to help out a...
by Christine | Mar 5, 2014 | Elder Care, Elder Law, End of Life Decisions, Medical Directives |
[Pacemakers] prolong lives, but “all those people will face decisions down the road,” Dr. Mueller said. “’Do I keep it going? Do I turn it off?’” Physicians have similar questions, including what kinds of patients confront these choices and who usually winds up making...
by Christine | Mar 4, 2014 | Estate Planning, Inheritance |
You may need to take some initial measures to protect your new wealth, but don't jump into making big decisions immediately. When a loved one passes along an inheritance, it is often a gift of great potential. Therefore, the heir should take some time to reflect...
