WebFeb 1, 2024 · The importance of estate planning in ensuring a smooth transition of a family business from one generation to the next. Estate planning is a critical factor for families that own a business and wish to ensure their livelihoods can be passed from one generation to the next. Without proper estate planning, families may face expensive … WebThe Family Estate Planning Law Group has dedicated their practice to helping greater Boston residents care for their families. We have been helping those in need of estate planning as well as with elder law issues since 1990. Our mission is simple—to take care of families when it really matters. An epic number of estate plans fall miserably ...

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WebSep 14, 2024 · Remember the purpose of a succession plan is to do what’s best for the future of the business, its customers, vendors and employees—not any particular family member. Now is also the time to … WebApr 13, 2024 · An estate plan ensures any medical decisions needed while away from home will be handled according to your wishes, and with as much ease as possible, no matter what the rules are where something ... boe06fa

Estate Planning Family Business Institute

WebEstablishing a Trust allows you to pass assets and property to your Beneficiaries without going through Probate Court. This is because, as we discussed above, you have already … WebAfter working with hundreds of family businesses, we’d like to offer 15 guidelines that we hope will help you during the succession process. 1. Succession is a process not an event. Rather than thinking of … WebSmall business owners need to plan for the transition of their company in their estate plan. Michaelle Rafferty and Natalie Perry, estate planning attorneys, discuss the impact of state laws, multiple beneficiaries, … glitter loose powder eyeshadow