Here are the highlights from my daily blog for last week. If you’d like to read any blog in its entirety, just click on the link provided. Enjoy!!
For many families, treating all children equally is the right choice. But what if you have children with vastly different needs, or vastly different agendas, your estate plan will need to take that into account.
When it comes to our children, we want to equally divide our time, love, and attention the best that we can. And when we think about our estate plans for our heirs, equal division may be the first thing that comes to mind. But it’s not always the best solution as not all heirs are created equal in terms of their needs.
This subject was taken up by Business Insider in a recent article titled “Not Every Good Estate Plan Treats Its Heirs Equally.” Click here if you'd like to read the entire blog.
November 12, 2012
If you think you had a couple of separate businesses and it turns out that you really had a partnership you can end up with a pretty ugly mess…
When it comes to structuring a business, you have many choices. So how do you choose the best option? A golden rule for business is to do business the way your business is structured, and to structure your business entity in the way you need to be doing business! If you mix and match, it has an unfortunate tendency to create serious liabilities which often come with a fairly aggressive tax assessment. With liabilities and taxes in mind, consider reading a recent Forbes article titled “Beware Of Partnership Status Sneaking Up On Your Business Venture.” Click here if you'd like to read the entire blog.