Category: Estate Planning

Simply put, succession is the natural transition of property.  Business succession is the process of choosing someone to take over your business, and developing a plan to make it work.  Several questions come to mind when thinking through business succession. While lots of business owners overlook business succession planning until the last moment, it is…

Several years ago, a friend of mine was on his way to go deer hunting with a friend over Thanksgiving weekend when they were involved in a head on collision.  He ended up in the hospital for a month with a broken pelvis and multiple fractures in both legs.  Fortunately, over time he recovered.  His…

Earlier this year, a childhood friend of mine died suddenly. We had not seen each other in three years, and his death hit me pretty hard. As I sat at his funeral, I wondered whether he had life insurance, a trust, or a will, and whether his family would be okay if they hadn’t prepared…