Helpful Estate Planning Hints for Divorce Attorneys

Posted Posted in Civil Union, Divorce, Elective Share, Estate Planning, Gift Tax, Life Insurance, Transfer Incident to Divorce

A. Have your client do pre-divorce estate planning (especially if the split is partially the result of financial matters) 1. Most clients are not aware that if they die during the pendency of their divorce that their soon to be ex may still inherit everything. This can be particularly important if it is likely that […]

Business Succession Planning: FLLC

Business Succession Planning: FLLC

Posted Leave a commentPosted in asset protection, Business Succession Planning, Divorce, Estate, Estate Tax, Family Limited Liability Company, Tax, Trusts

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 […]