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Archive: September 2013




Sep
30
2013

Family Business Succession

Posted by Mary

When it comes to family owned businesses there are a lot of things that need to be considered well in advance of retirement. For many families it is a large part of their estate, yet it takes a back seat when it comes to planning ahead. Statistically, sixty (60%) percent of family businesses fail [Read More...]



Categories: categoryEstate Planning



Sep
23
2013

Becoming a Patient Advocate

Posted by Mary

When it comes to naming a medical care giver, that is obviously the most important and the first step, but the job is still not done. There are several things that you need to discuss with your care giver so they are comfortable making the right decisions, but also so they can address future issues [Read More...]



Categories: categoryEstate Planning



Sep
19
2013

Pros and Cons of listing children/grandchildren by name in your Estate Plan

Posted by Mary

When it comes to estate planning, many people want to specifically name a beneficiary. For example, they may want to name their children or grandchildren by name that are to receive an inheritance from them. The benefit of that is that it is very specific and clear for the successor Trustee. The [Read More...]



Categories: categoryEstate Planning



Sep
16
2013

Trustee and Executor Compensation

Posted by Mary

When it comes to serving as an administrator, whether it is a Trustee or an executor, there is always a question of what is a reasonable fee to charge? There is no "one size fits all" answer for that question. What should be considered is the amount of time involved, the size of the estate and the [Read More...]



Categories: categoryEstate Planning



Sep
09
2013

Signing on Behalf of Another Person

Posted by Mary

When it comes to signing someone into a nursing home, it is extremely important that you be careful what you sign. If you are signing as an individual and not as that person’s agent under a Durable Power of Attorney, you may be agreeing to cover any expenses incurred in the event the individual you [Read More...]



Categories: categoryEstate Planning


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