Categories for estate planning

Estate Plan

January FOCUS: The Sole Business Owner’s Estate Plan

by | January 28, 2020

We know it’s essential to have an estate plan that designates what happens to our assets when we die. How does your business fit into this plan? In many cases, the company is ignored. It passes through the estate to the heirs – but your business needs management until it can be sold or wound... View Article

Top 5 Business Areas to Focus and Plan for 2019

by | December 3, 2018

Although we are often distracted at this time of year by fun family gatherings, vacation time, and holiday cheer and events, businesses often take this time to ensure they are ready to start the new year strong.  Below are several areas we suggest businesses evaluate as they plan for a successful year: Financial goals.  Your... View Article

A Real Business Emergency

by | July 6, 2016

Succession planning has been a hot topic in business planning conversations for years but the focus is often on longer term retirement planning answering questions like “Who will be the next CEO?” and “How will ownership transfer?”  Most businesses, though, do not spend a lot of time planning for the “emergency” succession.  “What is ‘emergency’... View Article

Back to Business Before Year End

by | November 7, 2012

This week’s blog from Michelle Bomberger Despite the beauty of fall and the bustle of the Holidays, be sure to get the work done to end 2012 strong. There are many issues that you should discuss and formalize in your business to properly account for 2012 and plan for your 2013 year such as: Gifting... View Article

Valuation – “Part Art, Part Science”

by | April 27, 2012

Often in our practice we hear business owners talk about the “fair market value” of their business, or speak of obtaining a valuation of their business as a definitive answer.  Business owners often have the perception that a valuation is absolute, objective, and definitive.  It’s the final word, right?   Far from it.  We learned... View Article

Bring in the Next Generation

by | December 13, 2011

Our guest blog post today comes from Kris Gray, Founder and Director of Business Financial Planning, and Jodi Giles, Director of Legacy Planning, at Integrity Financial Corporation. They share why the current lifetime gifting limits make now an ideal time to transfer ownership to the next generation in a company. Small and medium sized family... View Article

Nothing is certain except death and taxes…

by | December 6, 2011

 “‘In this world nothing can be said to be certain except death and taxes.”  In considering Benjamin Franklin’s familiar words, can you say what would happen to your assets and your loved ones if you died unexpectedly? You might think you don’t need a will because you are young and healthy or perhaps you don’t... View Article