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Is Succession Planning Necessary for Family Business Entities?

While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.
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Can a Vacation Home Be Kept in the Family for Generations?

These vacation homes may also comprise a significant portion of the family’s wealth. Therefore, it’s understandable that homeowners want to pass their properties and family traditions to future generations.
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Does an Elder Orphan Need an Estate Plan?

This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.
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When Can Estate Assets Be Distributed?

Many estate executors focus on estate taxes and forget about income taxes. That can be an expensive mistake.
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What Is the Gift Tax for 2022?

Two years into the pandemic, countless lives have been impacted by COVID 19. Faced with daily reminders of the consequences of this illness, estate planning seems to be on the minds of many.
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How Do I Avoid Probate?

There are good reasons why people want their estates to avoid probate, and a lot of ways to do it.
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Is Estate Planning Affected by Property in Two States?

When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.
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How Do You Get a Power of Attorney?

To get power of attorney (POA), the person granting you that power must name you as the agent to have the powers specified in the POA document. It must be signed by the giver while s/he is sound of mind.
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No Will? What Happens Now Can Be a Horror Show

It's hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family's leadership role and manage the family's transition of wealth.
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How Do I Set Up an Estate Plan to Help Grandchild with Special Needs?

Estate planning is not a requirement. No one can force you to make your will, create a power of attorney or to own your property in a way to avoid probate. As a result, people too often let common estate planning excuses stand in their way.
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