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.
A frequent complaint by next-generation members is that the senior generation never fully lets go of business tasks.
Locking away certain valuables and important documents in a bank vault could turn into a headache for you or your heirs.
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
Will there be changes in your circumstances or your family that should lead to a review of your plan? Could some events cause you to need to revise or update the plan?
Estate planning might sound like something that’s just for wealthy people with huge beach houses and billions in the bank. However, the truth is that estate planning is something we all need to think about.
An estate plan works like the operating system on your phone or computer. It runs in the background. However, it needs occasional updates to keep the plan current.
Advance directives typically consist of a living will and a power of attorney for healthcare.
An element of advance care planning, a living will is a legal document that provides specific instructions on how to carry out your wishes to receive or decline such treatments when you otherwise can’t communicate those wishes yourself.
With an elder care lawyer by your side, handling issues associated with Medicaid and Medicare is easy.
Most people think of wills as written instructions for use after death. In contrast, living wills provide your instructions for continuing or halting life-sustaining healthcare while you’re alive.
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