Taxes can shrink your realized returns from your investment portfolio, and yet, most investors don’t have a strategy in place for tax-efficient investing. Comprehensive tax reform passed late last year means many taxpayers are now in a lower tax bracket and will see higher take-home pay. Still, because of the tax law’s cap on state […]
Want to Keep More of Your Investment Returns? Consider These Moves Read More »
Succession Planning: Not Just for Retirement from Driscoll Learning — Succession has commonly been thought of as for the purpose of retirement. While true, it is also a way that you can open your company up for a new opportunity. Every business should have a succession plan in order to carry on into the future.
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Family business owners are notoriously bad when it comes to estate planning. Too many demands and busy seasons are often cited as reasons to put it off, but as much as we don’t want to think about our own mortality or the painful loss of loved ones, there are numerous advantages to advanced planning. A
Bea’s Blog: Planning for Loss and Establishing your Family Business Legacy Read More »
Procrastination – to put off INTENTIONALLY the doing of something that should be done. We’re all guilty of this form of avoidance behavior, often giving in to feeling good now by delaying the task to do later. Family business owners often procrastinate when it comes to planning their estate, but doing so can be a
Bea’s Blog: Procrastination and the 3-C’s Read More »
When you hear the words “succession planning”, what comes to mind? In most family-owned businesses, succession planning primarily focuses on developing the next generation of leaders, but what if there was more to it? Finding that next generation leader is a challenge and makes succession planning an essential exercise in the survivability of the business
Succession Planning: Not Just About the Next Generation of Leaders Read More »
Creating a trust is an essential component in your estate planning, but boilerplate trusts can often derail or negate the personal goals of your trust. Boilerplate trusts use form language and lack individual thought. They are not personal to you. They are often obtained from the Internet or from software used by many Ohio lawyers
Bea’s Blog: The Importance of Trusts – Not Boilerplate! Read More »
5 Essential Questions in Life and How They Relate to Family Business by Bea Wolper, Emens & Wolper Law Firm The Women in Family Business Peer Group at the Conway Center for Family Business discussed the ‘5 Essential Questions in Life’ delivered by Dean James Ryan as part of his commencement speech given at the
5 Essential Questions in Life and How They Relate to Family Business Read More »
This is an excerpt from an article Conway Center Co-Founder Bea Wolper wrote for Columbus CEO: Setting aside politics and conflicts, the process of quickly transferring President-elect Trump’s interests to his children will be difficult at best—especially without the “journey of succession” that needs to occur when a family business transitions to the next generation. Successfully
The Difficult Succession of the First Family’s Business Read More »
Keeping You Informed by Edwin Morrow, J.D., LL. M., Director, Wealth Transfer Planning and Tax Strategies, Key Private Bank On August 4, 2016, the IRS and the Treasury Department released proposed regulations that would change the law on how interests in businesses are valued for estate and gift tax purposes. It will affect both active businesses as well
Time to Plan for Those With Potential Taxable Estates Read More »
From time to time, we’ll post Bea Wolper’s “A-Z Keys to Family Business Success” followed by a question from one of our members on the topic – here’s E: E- Equal. When dealing with family businesses – especially when some family members work in the business and others don’t – “Fair is not always equal, and equal
Family Keys Alphabet – E Read More »
