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Treating Your Children Differently in Your Estate
August 16th, 2016
For many parents it seems obvious that because their children have different life circumstances it is fair to treat them differently in their estate plans. The children often have different ideas than the parents about what is fair and that can lead…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Family Business, Small Business, Special Needs, Succession, Trust Funding, Weblogs, Will
What to Leave to Your Family
August 9th, 2016
Throughout your life, you have most likely accumulated many different types of assets. When planning your estate, it is useful to know which of those assets you should leave to your family members. Estate planning is not just about deciding how much…
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Does Wealth Flee High Taxes?
June 15th, 2016
Many state legislators share the common concern that if they increase taxes on their wealthiest residents, those residents will move to lower tax jurisdictions. However, data suggests that there is little basis for that concern. No one likes paying t…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Small Business, Succession, Taxes, Trust Funding, Weblogs, Will
Giving Your Business Away
June 13th, 2016
Some business owners prefer to retain control over their businesses until they pass away. Others would rather retire and let younger family members assume ownership. There are a couple of different options to do that. Business succession planning is…
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Business Estate Planning
May 30th, 2016
Business ownership complicates estate planning, but it does not make it impossible. The more assets you have and the more complex those assets are the more complicated it is to make an effective estate plan. This is especially true if one of your ass…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Family Business, Small Business, Succession, Taxes, Trust Funding, Weblogs, Will
Family Business Succession
May 9th, 2016
Most family owned businesses fail after the founder passes away. Good planning can prevent yours from being one of them. Sometimes family business operators are aware that after they pass away their businesses will not remain under family control or…
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Fixing Backlog of Medicare Appeals Costly
March 11th, 2016
The Congressional Budget Office estimates that a bill to fix the backlog in Medicare appeals could cost $1.7 billion. The Audit & Appeals Fairness, Integrity, and Reforms in Medicare Act is a bipartisan effort in the Senate to help with the curre…
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What Did the Scaife Trustees Know?
November 17th, 2015
The contentious battle over the trust of the late Richard Mellon Scaife has taken an interesting turn as new court filings make it appear that at least one of the three trustees may have suspected the trust was being mismanaged. Richard Mellon Scaife…
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Don't Let a Perfect Storm Ruin Your Plans for the Family Farm
October 29th, 2015
In February of 1959, rock and roll musicians Buddy Holly, Ritchie Valens and J.P. "The Big Bopper" Richardson were killed when a plane Holly chartered at the last minute crashed near Clear Lake, Iowa. The event later became known as "t…
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Categories: Current Affairs, Estate Planning, Family Business, Power of Attorney, Probate, Small Business, Succession, Taxes, Trust Funding, Weblogs, Will
Is the Family Business a Part of Your Estate Plan?
October 2nd, 2015
Family business contributes to over 70 percent of global productions, but owners of them don't update their estate planning. It's estimated that over 50 percent of family business owners didn't update their estate planning documents fo…
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Categories: Aging Issues, Current Affairs, Estate Planning, Family Business, Small Business, Weblogs, Will