Unplanned Exits from A Franchise

Any business can benefit from a comprehensive business succession plan. That is because most people do not anticipate having to suddenly step out of a company. An unplanned exit could be catastrophic to the business, even one that is reliant on the franchise model. Many franchisors already require that franchisees have a succession plan in… Read More »

Estate Planning for The Remarried Widow

There are financial complexities that come with entering any new marriage, and widows or widowers should be aware of the complexities related to their estate plans as well. According to research completed by the Pew Research Center, approximately half of previously married adults beyond age 65 had remarried, and the number was even higher for… Read More »

What Is a Generous Retirement Plan?

It is important to have a plan not just for how you’ll get to retirement but how you intend to use those funds after you get there. Retirement can be an excellent time to generously give your talents, assets and time. There are some primary things you should consider as you work towards moving into… Read More »

Couples Must Keep These Estate Planning Tips in Mind

Whether you’ve already tied the knot or have no intention of moving forward with marriage, estate planning is necessary. Parts of your life may already be intertwined and the law and various strategies can be used to help protect you and your loved ones in the future. There are five primary considerations for couples who… Read More »

Business Sale Planning Tips

When you are looking forward to the future of your business and ultimately exiting that business in order to accomplish other goals, such as retiring or if you’ve simply gotten bored with the process itself, you need to have these planning tips in the back of your mind. Ultimately, you should approach business succession planning… Read More »

Business Succession Planning for Franchises

You might think it is initially annoying when a franchiser requests or requires that you as a franchisee maintain a succession plan. However, this is a win-win situation. All parties will be able to work together on business contingency plan that can benefit everyone in the event of a sudden departure in a franchise business…. Read More »

Gary Coleman’s Messy Estate Provides Lessons for Others

Gary Coleman, the star of the 1970s TV show Diff’rent Strokes passed away suddenly in 2010 and left behind an estate planning mess. He passed away at only 42 years old. He married aspiring actress, Shannon Price, in 2007 and ultimately got divorced from her later.  The couple continued to live together following their divorce,… Read More »

Is Now a Good Time to Incorporate Paying Off Your Home Loan as Part of Your Estate and Financial Planning Strategy?

Estate planning and financial planning strategies often shift based on major changes in your life, such as a marriage, divorce, birth of a new child, or other significant circumstances. The passage of the new federal laws surrounding estate taxes and gifting may lead you to go back to the drawing board about your home equity… Read More »