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Worry in Detroit over Lions’ Succession Plan
March 10th, 2016
The Detroit Lions say that there is a succession plan in place for when the current owner passes away. They are not saying what that plan is, which might cause some concern for the NFL. Like other professional sports leagues the NFL has tight restric…
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Categories: Aging Issues, Current Affairs, Estate Planning, Family Business, Games, Sports, Succession, 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
Don’t Forget Estate Planning for Your Family Business
September 24th, 2015
Skilled estate planning is essential to the tax-efficient transfer of the family business across the generations. While the majority of family business owners have estate plans, the majority of these plans can be considered dated. Family businesses a…
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Planning Lessons from the World of Sports
February 23rd, 2015
Several family run sports teams have failed over the years and the families have been forced to sell the teams. Some of the reasons for the failures can be enlightening for other family owned businesses if they wish to survive after the founder passe…
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And the Business Goes to …the Employees?
June 13th, 2013
Dawn Huston, 31, started working at Dansko 11 years ago, sorting shoes for delivery. Now a warehouse processor, she said the idea of owning a piece of the company made her nervous at first—though she wasn’t worried about her retirement savings, s…
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Four Generation Family Business Endangered by Family Dispute
April 2nd, 2013
The silent party to all the fighting is, of course, Luray Caverns. It is not just a U.S. Natural Landmark. It is also a business, and businesses can suffer when their owners are at war with each other. Family businesses have a tough time passing from…
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Is Your Ann Arbor Family Business Staying in the Family?
October 4th, 2012
The problems founders face when an heir announces he/she refuses to reign are significant and extend far beyond the hassle of hunting for a replacement in a poor quality applicant pool. The real damage done in this circumstance comes from…
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