Estate Planning for an Owner-Dependent Business

Your estate plan, no matter how complex, can be implemented any time before you die, as long as you are still legally competent. It’s probably a good idea to begin planning sooner rather than later, since you may not receive advance warning of your impending death. If you own a business or a professional practice,…

How To Help The Victims Of The Central Mexico Earthquake

Mexico is still recovering from a magnitude 8.2 earthquake, the strongest one the country has felt in 100 years, which hit the southern coast just two weeks ago. Tuesday’s temblor also fell on the 32nd anniversary of the magnitude 8.0 earthquake that struck Mexico City in 1985, killing thousands. In a statement issued on Tuesday night,…

Estate Planning For the Newly Married

Now is the perfect time to start working on an estate plan – because, as newlyweds, you may not have a list of your accounts, but you’ve effectively just done a working inventory of your possessions – as you’ve figured out how to consolidate two households into one. You’ve already been working on the new…

If I Don’t Have an Estate, Do I Really Need an Estate Plan?

You don’t need to have a summer house in the Hamptons or a private art collection big enough to rival MOMA to consider yourself the owner of an estate. In fact, virtually anyone who owns anything has an “estate” in the eyes of the law. Although the term may conjure images of expansive country properties,…

10 Common Ways Even Brilliant Entrepreneurs Screw Up

If you’re relying on your top line to grow your wealth, you could be missing out on easy opportunities to save money and improve profits, independent of your revenue. Many entrepreneurs waste precious time and money by falling prey to these common mistakes. However, there is no need to sacrifice, work harder, or take on…

Why a Trust Is the Best Option for Avoiding Probate

As Ambrose Pierce once darkly observed, “Death is not the end. There remains the litigation over the estate.” Obviously, ideally, when someone passes away, the paperwork and material concerns associated with the estate are so flawlessly handled (thanks to excellent preparation) that they fade into the background, allowing the family to grieve and remember in…