Business Succession Planning

Estate Planning with Illiquid Assets

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Estate Planning with Illiquid Assets

One of the trickiest items that we must deal with as estate planners is to help clients transfer illiquid assets. Illiquid assets can include:   retirement plans ownership in a family business real estate collectibles (such as artwork, baseball cards and comic books) expensive vehicles and even animals (such as thoroughbreds and show pets)   Illiquid assets […]

asset protection

Business Succession Planning: FLLC

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Business Succession Planning: FLLC

Some of you may have seen these scary statistics: According to the U.S. Small Business Administration, 90 percent of the 21 million small businesses in the U.S. are family-owned, but less than one-third of family-run companies succeed into the second generation, while only half of that make it to the third. Most often, the lack […]