Category: Family Business
The only time your Will would control who gets your IRA is if your estate is the beneficiary. Generally, it’s not a good idea to name your estate as the beneficiary of your IRA. Even though you made sure to prepare your Last Will and Testament, it is not always the final word on the […]
If selling your business is any part of your retirement plan, Mr. Gerber said, it is essential to know what your business is worth. And it is important to start tracking its value long before you plan to sell. As a business owner, your business and your life are pretty hard to separate. The odds […]
If you have property that you would like to be preserved, either for conservation or historic purposes, there is nothing so close to a free lunch as the donation of an easement. You may be entitled to a charitable contribution for the value of the easement. That, of course, is icing on the cake if […]
There’s never a good or easy time to talk with older parents about their finances and estate plans. But taking advantage of a relaxing moment –well before problems arise – can improve the odds of success. If you are heading out for vacation with your elderly loves ones, you may picture some relaxing time by […]
Only 17% of dog or cat owners have taken any legal steps to provide for pets’ care after their death, according to a recent survey by the ASPCA. Most people simply assume that a friend or relative will take care of their pet after they’re gone, animal advocates say, and many pets wind up in […]
WHEN James Gandolfini, one of the most recognizable actors of the last decade, died of a heart attack while on vacation last month, the response was as intense as you might have expected for the man who was Tony Soprano. But then something odd happened: a few weeks after he died, the discussion shifted to […]
At the most recent meeting of the She Owns It business group, the owners discussed succession planning. The topic is of particular interest to Susan Parker, owner of Bari Jay. She and her sister, Erica Rosenfeld inherited Bari Jay from their father, Bruce Cohen, who had never created a formal succession plan. In fact, neither […]
