Estate Planning 101: Retirement Accounts

Estate Planning 101: Retirement Accounts

When you are working, you get to set up a retirement account that will assist you to live well after you retire from active work. The retirement account is ideal for both office workers and small business owners. Some of the common accounts include the IRA and the 401(k) accounts. Having a retirement plan gives…

Estate Planning 101: Property valuation

Estate Planning 101: Property valuation

When planning your estate, reality remains that the worth of your assets changes with time. By the time you are done with the estate plan, the value might have shifted up or down. This is the reason you need business valuation services. When you handle business valuation using an expert, you are sure that the…

Estate Planning Tips for Business People

Estate Planning Tips for Business People

Statistics show that only 30 percent of businesses make it through the second generation of ownership. This can be attributed to poor succession planning. As a businessperson, your life revolves around the business. However, have you ever stopped to wonder what will happen to your business when you can’t make essential decisions anymore? Apart from…

Estate Planning and Bankruptcy

Estate Planning and Bankruptcy

Studies show that the number of people filing for bankruptcy is still high, even with improvement in economy. Say you are planning your estate, and then you decide to declare bankruptcy, what transpires after this? Do you shelve it or do you still proceed? What if your kid declares bankruptcy when you are busy coming…