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...
Estate Planning
Estate Planning
Equally dividing a business among the kids may be a mistake
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...
Estate planning considerations for owner-dependent businesses
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...