Passing Financial Values to the Next Generation
Leaving a legacy is about more than just money. Here are the do’s and don’ts for establishing a shared family value system that can span generations. Silicon Valley is teeming with garages famous for giving birth to much of the modern technology industry. One of them belonged to Derek and Susan Hine. That’s where […]
Business Succession: 3 Ways to Transfer Ownership
For entrepreneurs, retirement planning should include decisions about their company’s future. Here are strategies to consider for successfully transferring ownership of a business. Key Takeaways: Business succession planning Planning your business succession early—ideally at least five years before a sale or transfer of ownership—gives you time to evaluate succession options, consult heirs, and make any […]
When Do you Need Umbrella Insurance?
When you own property—be it a home, a car, or a boat—having adequate damage and liability insurance is essential. But if you’re responsible for property damage or bodily injury to someone else, your coverage may fall woefully short. Umbrella insurance provides liability coverage beyond most property insurance policies. This includes coverage for damages […]
How to Plan Around Estate Tax Uncertainties
Key takeaways: Estate tax uncertainties Although federal estate tax exemptions are historically high, consider how your estate plan can protect your heirs in case tax laws can change. State estate taxes may still apply even when federal estate taxes do not, making proactive planning important for high-net-worth households. An A-B trust, grantor retained annuity trust, […]