The simple answer is yes! All businesses should have a succession plan in place. Most large businesses have some structure that would sustain the business if a key manager were to become incapacitated or die. However, small business owners typically do not have a plan for how the entity will continue in this situation. Who…
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While it is great that you have your estate plan in place, it is important that you review it from time to time to be sure it is up to date and still does what you want it to. An annual review is recommended and at the very least you should review your estate plan…
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Often our clients ask if they should add their adult children to the deed for their house so that the house can pass automatically to the children as joint tenants with right of survivorship when both parents are gone. The considerations are the same whether you are a single parent or a couple considering adding…
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