Business Planning
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It would be an understatement to say that family businesses are the backbone of the American economy. Some 90 percent of all businesses in this country are either family owned or family controlled. They come in all shapes, sizes and colors, representing all sectors of our economy. From agriculture to services, technology and manufacturing, family businesses generate an estimated one-half of the U.S. Gross National Product and pay half of all wages earned in this country. Not all family businesses are traditional small businesses, either. In fact, roughly one-third of all businesses included in the Fortune 500 are family businesses.
Educational Resources on Business Planning
Different Trusts for Different Estate Planning Purposes
Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.
Estate Planning Different for Business Owners and Top-Level Executives
Having an estate plan can ensure that fiduciaries are identified to oversee and distribute your assets in the way you would have wanted. As a business owner, your ownership assets in your estate may require a more sophisticated level of planning.
How Can I Protect Assets from Creditors?
Estate planning is not just about saving taxes, it is also about managing and protecting your assets against future creditors, both for you and for your beneficiaries.
What are the Estate Planning Basics?
It’s never too early to start working on how your things will be handled, once you pass away.
Can I Protect My Estate with Life Insurance?
Life insurance may play a vital role in an estate plan, because insurance proceeds can be counted on to provide liquidity when it’s needed.
Why You Need an Estate Plan, Especially Now
It’s never too early to start working on how your things will be handled, once you pass away.
What is the Best Plan to Protect My Family?
Has it been awhile since you reviewed your estate planning strategy? If so, it may require some updating, based on recent changes to laws impacting your tax and retirement planning.
How Family Businesses Can Prepare Now for Future Tax Changes
Coupled with the upcoming presidential election, small to mid-sized business owners are faced with a slew of financial decisions that could impact the wealth of their business and the legacy they leave to their successors.
Your Estate Plan is a “Dynamic Document”
Failing to ensure that your asset titling and beneficiary designations are coordinated with your estate plan, can lead to unintended costs, taxes and outcomes.
Business Succession and Estate Planning – two objectives with the same goals.
Thinking of exit and estate planning in tandem, allows owners to ask relevant questions to bring their entire picture into focus.
How Doctors Can Avoid Mistakes When Protecting Their Assets
Because doctors are so vulnerable of being sued in a medical malpractice suit, they must proceed with extreme caution in protecting their assets. Here are some common missteps made by doctors when drafting an asset protection plan. An error typically made is incorrectly titling their assets, which could place a doctor’s finances into jeopardy. To […]
The 8 Ways To Protect Your Assets From A Lawsuit You Should Know About
To protect what you have, it’s vital to take some defensive measures, to make it more difficult for creditors to seize your assets in the event you lose a lawsuit, have a judgment entered against you, or are forced into bankruptcy. 1. Use Business Entities It’s important to separate your personal assets from those of […]
Top 3 Most Common Asset Protection Misconceptions
Misconception Number 1: Insurance Protects You Real estate investors may be under the false assumption that a general liability insurance policy is all they need to protect their assets. However, this couldn’t be more wrong – taking the right steps towards asset protection involves much more than just one type of coverage. Insurance is an […]
The BIG Misconception About How Insurance Protects Your Assets
Insurance is an essential tool for protecting our financial stability, providing a shield against unforeseen losses. However, there’s a widespread belief that insurance has limitations, which this blog post aims to clarify. By delving into the intricacies of how insurance truly works, readers can dispel any misconceptions and gain a better understanding of its potential […]
The 2 Strategies To Protect Assets For Real Estate Investors
The Benefits of Incorporating Your Real Estate Real estate investing is not without its potential risks and liabilities. If a person’s properties are held in their own name, they could be personally liable for damages arising from accidents or other events at the property. To protect themselves, investors should register their real estate under business […]
5 Most Common Mistakes with Asset Protection You’re Probably Making
As a real estate investor, the best way to safeguard your investments is through tailored asset protection strategies. Without taking action against potential financial threats, you risk losing out on key opportunities and being unprepared in times of crisis – making it essential that one takes appropriate steps to properly protect their assets. Mistake #1: […]
4 Levels Of Asset Protection For Real Estate Investors
With the right precautions, you can safeguard your real estate investments from costly legal outcomes. Learn how to protect yourself and keep control of your assets by exploring our top strategies for managing potential court rulings. Liability in Real Estate: Understanding the Risks Real estate investments can leave you open to potential legal issues. As […]
Top 7 Asset Protection Misconceptions For Physicians
Asset protection is an essential part of any financial portfolio, yet many misconceptions exist. This article aims to clear up the confusion and encourage readers to take a proactive stance on safeguarding their hard-earned nest egg. Find out just how easy it can be with inexpensive techniques that could make all the difference in protecting […]
The 6 Most Common Mistakes Physicians Make Protecting Their Assets
Having endured countless hours of hard work and dedication to reach your current level of success, the thought of it all being lost due to an unfortunate medical malpractice or accident can be downright terrifying. The worry and anxiety that come with the thought of losing it all can manifest in sleepless nights, leading to […]
The 6 Must Know Asset Protection Measures for Physicians
1. Form a Professional Corporation Asset protection is critical for physicians who want to safeguard their financial future. One way to protect against business liability is to form a Professional Corporation. Although Professional Corporations do not provide professional liability asset protection, they can protect against liability from employees and other business-related issues. For example, a […]
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