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Drafting a Business Succession Plan

For someone involved in running a business as an owner, co-owner, or partner, you need to have a succession plan in place. Succession planning involves not only having the people, resources, and systems in place to ensure that the business keeps operating and doesn’t come to a standstill but also having a plan in place for how you can exit and receive payment for your portion of ownership.

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Wills vs. Trusts: Which One Is Right for You?

You have started thinking about the need to create an estate plan. If you have done any research at all, you have probably found there are many types of documents under the estate planning umbrella—including wills and trusts. The two are similar but also dissimilar, because one does things the other cannot, and vice versa.

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The Importance of a Power of Attorney

Many adults execute a power of attorney to appoint someone who would manage their legal, financial, and medical affairs in the event of their incapacity. If you lose your physical or mental capacity in the absence of a power of attorney, your loved ones may encounter serious legal issues.

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Young Adults & Estate Planning

Becoming an adult requires making your financial, medical, and other major life decisions by yourself. For many young adults, creating an estate plan isn't considered a priority.

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Common Misconceptions About Estate Planning

Like any other complex legal matter, estate planning has several misconceptions and misunderstandings. Many aspects you think you know about estate planning and believe to be true may be inaccurate or wrong.

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Things to Consider Before You Draft an Estate Plan

Everyone should have an estate plan—even if you think you’re too young or don’t have enough assets. However, it can be hard to know where to start. If you’re thinking about estate planning, you’re no doubt feeling a little overwhelmed by all the choices before you.

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