Leaving specific assets to specific heirs can be an estate planning no-no

Planning your estate around specific assets is risky and, in most cases, should be avoided. If you leave specific assets — such as a home, a car or stock — to specific people, you could end up inadvertently disinheriting someone. If it must be done, careful planning and monitoring is necessary. Unintended consequences Here’s an […]

What makes for a sound buy-sell agreement and why you need one

If you own an interest in a closely held business, whether a collision repair shop, brewery, restaurant, manufacturer, distributor or contractor, no matter the industry, it’s critical to have a well-designed, properly funded buy-sell agreement. It provides a business’s owners and their families with valuable protection and assures continuity in the business. THE RISKS The […]