by Christine | Mar 18, 2014 | Estate Planning, Individual Retirement Accounts (IRA), Trusts |
Whichever way you pass on your retirement account assets, leaving an IRA can provide a grandchild with a significant financial foundation. Think of an IRA as a potentially powerful estate planning tool. Properly structured, an IRA may transfer wealth to younger...
by Christine | Mar 17, 2014 | Estate Planning, Inheritance |
Children almost always interpret unequal inheritances as an expression of unequal love, Witt told her clients, and giving one child more than another may make them feel slighted and angry. When planning to pass on your estate, you may feel like all will be fine as...
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...
