Posted on: May 2, 2024
An intrafamily loan is a financial arrangement between family members—one who is lending and another who borrows. An intrafamily loan may be used to help a family member who needs money for several reasons: Lending to a child or grandchild can be satisfying. Your loved ones can benefit from flexible repayment terms and interest rates […]
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Posted on: April 29, 2024
The first private pension plan in the United States was established in the late 1800s. Through 1980, nearly 40 percent of Americans were covered by a traditional employer-funded pension. However, employer-provided retirement plans have now primarily shifted to retirement savings vehicles like 401(k) plans and Individual Retirement Accounts (IRAs), which place most of the savings […]
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Posted on: April 25, 2024
For many business owners, their business is one of the most valuable and important things they own. When it is time to create an estate plan, business owners must plan for their business just as they would for their home or finances. Effective business succession planning ensures a seamless ownership transition upon the potential occurrence […]
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Posted on: April 22, 2024
Giving money to charity can provide personal and financial benefits to donors and be part of their legacy. If you are thinking about making a charitable gift—either now or when you pass away—there are some things to be aware of to make the biggest impact of your charitable giving. Compared to residents of other wealthy […]
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Posted on: April 18, 2024
As poet Robert Burns mused centuries ago, the best-laid plans of mice and men often go awry. Despite thoughtful effort and a concerted strategy, you cannot prepare for every emergency in life. A car accident, sudden illness, workplace injury, chronic medical condition, or other disability can force you to reevaluate the core assumptions you used […]
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Posted on: April 15, 2024
Many people believe that estate planning is only about planning for their death. But planning for what happens after you die is only one piece of the estate-planning puzzle. It is just as important to plan for what happens if you become unable to manage your own financial or medical affairs while you are alive […]
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Posted on: April 11, 2024
Many people believe that estate planning is only about planning for their death. But planning for what happens after you die is only one piece of the estate-planning puzzle. It is just as important to plan for what happens if you cannot manage your own financial or medical affairs. Before reviewing how to choose the […]
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Posted on: April 8, 2024
Comprehensive estate planning involves more than just planning for your legacy after your death, avoiding probate, and reducing taxes. Good estate planning also appoints people to make legal, financial, and medical decisions for you if you are alive but unable to make those decisions for yourself (in other words, if you are incapacitated). Before reviewing […]
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Posted on: April 4, 2024
Starting a business requires a great deal of planning and execution. Exiting from your small business should entail similar forethought and preparation. Nevertheless, some surveys indicate that nearly half of business owners have no exit strategy.[1] After years of expanding your business, you may be at the point where the finish line is getting close. […]
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