Estate Planning Blog

For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective business succession planning ensures a seamless transition of ownership upon the potential occurrence of many different … [Read more...] about Passing the Torch: Smart Business Succession Strategies

Have you ever asked yourself any of these questions about Estate Planning? Should I have a Will or Living Trust? What is the difference between a Will and a Trust? What will happen to my family, estate, such as property, bank accounts, 401k, life insurance, and other assets if I don’t have something in place? Has my current estate plan evolved to reflect changes in my life since it … [Read more...] about Heircraft Planning Hosts Free Estate Planning Seminars

The first private pension plan in the United States was established in the late 1800s. Through 1980, nearly 40 percent of Americans were covered by a traditional employer-funded pension. But employer-provided retirement plans have now largely shifted to retirement savings vehicles like 401(k) plans and Individual Retirement Accounts (IRAs) that place most of the savings onus on the … [Read more...] about Are Pensions Treated the Same in Your Estate Plan as Other Retirement Accounts?

Under the Corporate Transparency Act (CTA), which took effect January 1, 2024, many business entities including small limited liability companies (LLCs) and partnerships are required to file reports with the Treasury Department’s Financial Crime Enforcement Network (FinCEN). In these filings, applicable businesses must disclose important information about their entity. However, recent developments … [Read more...] about Corporate Transparency Act Update

Creating or revising an estate plan can feel overwhelming, causing many people to procrastinate. But the longer you put it off, the more potential there is to be caught unprepared in an emergency. So how can you motivate yourself and your loved ones to begin the process? Here are some strategies to help you overcome some of the negative feelings associated with this process and meet the challenge … [Read more...] about Inspiring Action: The Guide to Creating or Updating Your Estate Plan