Business Succession

Using Living Trusts to Protect Your Business Assets

Business owners work hard to build their assets and establish their companies. Therefore, it’s essential to ensure that these assets are protected for the business’s continuity and the owner’s peace of mind. One way of safeguarding these assets is by utilizing a living trust. This article discusses how a living trust can protect your business assets. What Is a Living Trust? A living trust is a legal entity created to hold assets, often for the benefit of certain individuals. It’s called a “living” trust because it’s established while you’re alive, unlike a testamentary trust, which comes into effect upon your…

January 3, 2024

Asset Protection

Navigating Estate Tax Planning

Navigating the intricacies of your financial legacy can be a daunting task. Understanding the nuances of the estate tax and implementing robust estate tax planning strategies can ensure that your beneficiaries enjoy the fruits of your labor without being overburdened by tax liabilities. What Is Estate Tax and Who Is Subject to Estate Tax? The estate tax, often called the death tax, is a tax levied on the total value of a person’s estate upon their death. If the estate exceeds certain thresholds, it becomes subject to federal estate tax, potentially diminishing the wealth passed on to heirs.

December 25, 2023

Business Succession

How Estate Planning Transfers Business Interest with Limited Liability Companies

An LLC is a particularly flexible form of business entity that is governed by statute and most often is organized in the estate planning context as a ‘manager managed’ LLC.

July 12, 2023

Asset Protection

Protecting Assets with a Trust vs. Limited Liability Company

To protect assets effectively, you have to store them in the right legal entity. However, that can depend on whether you’re looking to protect business assets, avoid estate taxes, or protect personal assets from legal liability while running a business.

May 26, 2023

Asset Protection

Do Trusts Help with Succession Planning?

Most estate planning starts with a will. The legal document covers what to do with your assets and provides important direction on the care for minor children.

April 25, 2023

Advanced Directives

How to Plan a Business Succession

A frequent complaint by next-generation members is that the senior generation never fully lets go of business tasks.

February 16, 2023

Asset Protection

How to Transfer Business to the Next Generation

Failing to properly plan for disability, death, or the ultimate transition of a family business can lead to disastrous financial consequences for both the business and the family.

December 22, 2022

Asset Protection

What Happens When Inheritances are Unequal?

Robert, the older brother, and Lon, the younger one, were close as they were growing up in the Queens borough of New York City. However, when their mother passed away and left the bulk of her estate to Robert, Lon was devastated.

November 22, 2022

Business Succession

What Is Upstream Planning?

Doing some ‘upstream’ planning now will take the guesswork out of what’s coming your way.

November 14, 2022

Asset Protection

Is Your Business Included in Estate Plan?

When you own or operate a business, ensuring that this plan accounts for the future of the business is critical.

November 3, 2022

Category: Business Succession

Serving Clients Across Gilbert, Queen Creek, and the Surrounding Area

Call Us

Schedule a FREE Strategy Session

WATCH OUR FREE 20-MINUTE ESTATE PLANNING MASTER CLASS

Using Living Trusts to Protect Your Business Assets

Navigating Estate Tax Planning

How Estate Planning Transfers Business Interest with Limited Liability Companies

Protecting Assets with a Trust vs. Limited Liability Company

Do Trusts Help with Succession Planning?

How to Plan a Business Succession

How to Transfer Business to the Next Generation

What Happens When Inheritances are Unequal?

What Is Upstream Planning?

Is Your Business Included in Estate Plan?

Subscribe!

Sort by Category

Recent Posts