Estate planning may not be at the top of the to-do list for many small business owners, but it is an important step that can have a significant impact on the future of their business and loved ones. Without a well-thought-out estate plan, a small business owner risks...
Between your business ventures and your personal life, you have probably accumulated many digital assets that you want your business successors or relatives to have after you die. This is why your estate plans should include provisions for your digital estate....
After spending years building a successful Kentucky business, you may assume that your children will take over the reins when you retire. Although you may be excited for them to do so, you may be shocked to learn they have other plans. The following steps will ensure...
Estate planning is an essential task you should take on as you get older and begin to acquire more wealth. Your estate plan allows for the transfer of assets to your desired heirs upon your death, yet many people have yet to create one of these plans. According to a...
Philanthropic individuals who have highly appreciated assets that create minimal income may want to consider creating a charitable remainder trust. This type of split-interest trust allows a donor to make a gift to charity while retaining an interest in the income the...
Many parents go to great lengths to treat their children equally. So, it should be no surprise that business owners often will try to divide the family business equally among the children, regardless of the number. However, some business experts believe owners should...
While estate planning is crucial for anyone, it is especially important for small business owners given that much of their wealth is often entangled with the business they’ve built. While this business may have been their while they pride and joy were alive, not all...