Passing wealth from generation to generation can be “carrot-and-stick” – based, but it is far more effective to have open conversations about the responsibilities and challenges that accompany wealth.
Month: June 2024
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For Business Owners, Estate Planning Becomes Shades More Complex
Business owners have a longer and more complex decision-making process ahead of them in terms of estate planning.
Your Named IRA Beneficiary May Need an Instruction Manual
Non spouse beneficiaries of IRA accounts , who can no longer stretch their distributions over their lifetimes, still need to obey RMD rules.
Standing on Safe Ground for Business and Estate Planning
Because real estate is not a liquid asset, it’s important to plan how its value wil be divided among heirs. Also important, especially for business owners, is to avoid liability that can result from owning contaminated property.