Most physicians don’t have a written plan for who takes over the practice—or how ownership transitions legally and financially. A buy-sell agreement can ensure your family receives the value of the ...

Disclaimer: This article is intended to serve as a general summary of the issues outlined therein. While this article may include general guidance, it is not intended as, nor is a substitute for, ...

Think of a trust as a separate entity that holds your designated assets. You, the grantor, create the trust and appoint a trustee to manage it, according to your wishes. This trusted individual can be ...

The Gucci family had owned and operated the company since its founding in 1921 by Guccio Gucci. In the late 1980s and early 1990s, the brand was in trouble. The company had been struggling with ...

Thinking about the future after you are gone is one of the hardest topics to think about, let alone talk about. You may have your estate plan already in place, but we find so many situations where a ...

A business is often a family’s largest asset — but many owners don’t realize that structure determines how easily ownership transfers when something happens. Ownership is tied to shares, which can ...

Beneficiary designations can be the foundation of a solid estate plan. Losing a loved one is already an emotionally challenging experience, and dealing with the practical aspects of their estate can ...

Community property is a legal framework that exists in a select number of states, including Wisconsin, California, Texas, and Arizona, among others. The core principle behind community property is ...

The short answer is that your loved ones will need to go through the probate process. Probate is the court process of settling one’s estate is they die without an estate plan. Every state has various ...

The executor files the will with the probate court in the county where the deceased person lived. They also petition the court to be formally appointed as executor. The executor must notify all heirs, ...

Remember, choosing a business successor is a long-term decision that requires careful consideration and planning. By following these steps, you can increase the chances of a successful transition and ...

As the summer winds down and the school year begins, parents everywhere are checking supply lists, packing lunches, and signing permission slips. But there’s one important checklist that often gets ...