Wonderful as it may be to pass along wealth to your children, it's just as important to share your financial know-how, philosophy and values with the next generation.
Since it can take up to five years to groom a successor, the time is now to position your law firm for a successful transition to the next generation.
Research shows they are also consistently better prepared to transfer inheritance.
But new research shows they are less likely than men to have a wealth transfer strategy in place.
The parable of the prodigal son is one of the most famous estate planning stories ever told. Interestingly enough, it is as relevant today as it was in biblical times, touching on some of the core issues that families of every faith wrestle with...
Beauty, they say, is in the eye of the beholder. This is especially true when it comes to the attractiveness — or in other words, the value — of a closely held business.
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