While your day-to-day focus is on running your family business, it's important to keep an eye on the future as well. If you haven't considered business succession planning yet, here's where to start.
Putting your child’s name on the deed to your home is often seen as a simple and inexpensive estate planning technique to ensure your son or daughter receives your home when you pass. However, putting your child on your deed can actually cost you much more than you think. Be sure to consult your financial advisor and an estate planning attorney before you add a child’s name to your deed.
Statistically speaking, the younger you are, the more unprepared for unexpected death or incapacitation you’re likely to be. If you’re setting up a living trust, avoid these five common mistakes to help you and your trustees benefit from the full advantages this document has to offer.
