When you think of Jimmy Buffett, you probably picture sunsets, salt-rimmed glasses, and that laid-back Margaritaville life. But behind the scenes, Buffett’s estate plan is now at the center of a high-stakes legal battle that holds lessons for families of every size.
With these pressures, personal estate planning often takes a backseat. This can lead to missed opportunities for minimizing tax exposure and cementing a founder’s legacy.
As the founder of News Corporation, Murdoch built a global empire, which includes influential media outlets, like The Wall Street Journal and Fox News. However, his succession planning—or lack thereof—has been rife with controversy and challenges.
Inheriting a business can provide financial opportunity and family legacy. However, it also comes with significant responsibilities and potential challenges.
Business owners need a plan to protect their company’s financial future in the event of unexpected loss, and life insurance is a critical tool for ensuring stability.
Creditors, hackers and frivolous lawsuit filers could be targeting your cryptocurrencies. These essential estate planning and asset protection strategies could help.
Effective estate planning ensures the longevity of your family business by addressing succession, tax efficiency and governance for future generations.
As we step into 2025, the theme for estate planning is: Be prepared.
Every year offers a chance to step back, recalibrate and plan for the year ahead, and 2025 is no different.
Estate planning is essential for professionals looking to secure their financial legacy and protect their assets.