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Posts tagged "Estate Planning"

How soon should you prepare for business succession?

Opening your own business is a testament to your hard work and determination. Naturally, many small business owners start a company because they want financial security for themselves and their families. That is part of why it is so disheartening to learn as many as eight out of every 10 businesses fail within the first 18 months in the United States. 

Should you leave assets to your children outright?

Perhaps the most common way to leave assets to heirs is simply indicating in the will which heirs will get which assets outright. For instance, you have $1.5 million saved up and you have three children. You leave all of them $500,000, a gift you know they'll enjoy.

Studies show that communication is lacking with estate planning

You're doing your estate planning, deciding how you're going to pass your assets on to your children. You're picking roles for them, such as naming one the executor of the estate, and deciding what you think is best for their lives moving forward.