Succession Planning Mistakes to Avoid

One of the most difficult things for family business owners to contend with in their estate plans is how to pass on the business to the next generation. Careful succession planning is required if business owners want to avoid making common mistakes.

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3 Powers to Consider Giving to a Trust Protector

Today many estate plans contain irrevocable trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to span multiple decades, it is important that they include a trust protector who will have the ability to adjust the trust provisions as circumstances, […]

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Even Vampires Need Estate Planning

Yes, even the undead need an estate plan. After you stop laughing you need to hear me out. As we’ve learned from the likes of The Vampire Chronicles, the Twilight saga, and HBO’s True Blood, vampires aren’t immortal. They do die, and it’s usually unexpected and messy.

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Dispelling the Top 3 Estate Planning Myths

Like any other complex subject, estate planning has its share of myths and misconceptions. Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed.

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Decanting: How to Fix a Trust That Isn’t Getting Better With Age

While many wines get better with age, the same cannot be said for some irrevocable trusts. Maybe you’re the beneficiary of a trust created by your great grandfather seventy years ago that no longer makes sense. Or maybe you created an irrevocable trust twenty years ago that doesn’t work as it should. Is there any […]

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Why Some Incentive Trusts Fail

Incentive trusts are a popular way for people to encourage good behavior from their heirs. However, incentive trusts have limitations and you should be aware of them.

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How to Get Disinherited

If you do not want to be disinherited by your relatives, it might be helpful to know what actions often lead to disinheritances so that you can avoid them.   Normally when someone is disinherited it comes with anger and surprise. This is because often people do not think that they have done anything so […]

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The Importance of Digital Asset Planning and Organization

If you have ever forgotten a password to a digital account, then you know how difficult it can sometimes be to retrieve it. It might require remembering how you answered a security question like “Who was your favorite teacher growing up?” Remembering how you quickly answered that question several years in the past can be […]

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