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Dauman said there were plans in place to determine what happens to Redstone’s ownership interests in planning for aging media mogul Sumner Redstone.” Under the succession plan, seven trustees would oversee Redstone’s National Amusements interests, including The four other trustees are Redstone’s estate planning attorney, a Viacom board member and longtime Redstone Reference : Los Angeles Times (December 8, 2015) “Viacom CEO explains succession planning for aging media

You have worked hard for the success of your small business, but have you thought about what will happen By engaging in Succession Planning, the small business owner can ensure that his or her wishes are followed Not only does this kind of planning make for an easier transition on those left behind, but it also saves Your small business is a part of your estate, and just like your home and other assets, planning needs By planning in advance, you can take advantage of Section 303 and Section 6166 of the tax codes.

estate plan. Business Succession Plans Succession planning has become all the rage in the wake of HBO’s hit show “ Going without a succession plan in 2022 is, simply put, a bad idea. The Small Business Association offers some guidance on the creation of basic succession plans, but it Your business is truly a legacy, and without a succession plan in place, you put that legacy at risk.

Without smart planning, all that work can be lost through disability, retirement, or death. Failing to Have a Succession Plan When you retire, do you know who will take over your business? Many small business owners forget to put a succession plan in place. It can be uncomfortable to discuss with your families ahead of time, but figuring out a succession plan Taking a DIY Approach to Estate Planning There are tons of online resources for estate planning, all

succession Trusts Probate Elder law Guardianship Medicaid planning Special needs planning Long-term Including Medicaid Planning in Your Houston Estate Plan Making plans for your final days is arguably Your Legacy Legal Care™ is a business succession-focused law firm with the expertise to craft a Houston business succession plan customized to your requirements and business culture. A solid corporate succession plan ensures that someone is chosen to temporarily or permanently assume

* Seriously though, estate planning as a business owner is much more complicated than regular estate planning because you are essentially crafting two plans — one for yourself, and one for your business Below are four tips we urge business owners to take to heart as they begin the estate planning and succession planning process. ICE It Before getting into the weeds, or getting overwhelmed by the estate planning process, think about

If this happens without the proper planning in place, this may force you into guardianship court. The following areas pertaining to your child are heavily restricted without essential estate planning Estate planning is an important aspect to consider, not just for older adults, but for young adults, Here are the key estate planning documents any adult over the age of 18 should have: Medical Power of Estate planning is a crucial step in caring for an adult child, especially during a major life transition

reviewed) your estate plan.  If you want to protect your assets and plan for contingencies, keeping your estate plan updated is essential What Needs to be Updated in Your Estate Plan Your estate plan is made up of many parts and documents. This may also include a business succession plan . We can’t wait to help you update your estate plan.

Fewer than half of adult Americans have estate planning documents. and A Wealth Transfer Plan.” and a wealth transfer plan. In addition, there can be problems with financial and tax planning and poor investing. Plan” #AssetProtection #EstatePlanningLawyer #WealthTransferPlan #Inheritance #Wills #Trusts

If you plan to retire in the next 20 years, you need to start looking at your options and plan to make created retirement plan usually includes a review of your estate plan and portfolio investments, tax Estate Planning. Tax Planning. Have a plan to pay off debts before retirement. Financial Review.

There are often misconceptions about estate planning that you should know when preparing your documents Estate planning serves to provide your family and loved ones with protection upon your passing, regardless How Does Dementia Affect Estate Planning? Dementia may affect estate planning, as the person suffering from this illness loses the ability to think Speak With an Attorney About Options for Estate Planning There are many myths about estate planning out

Medicaid planning is a crucial part of your estate planning strategy, and Your Legacy Legal Care is What is Medicaid Planning? Medicaid planning refers to the estate planning strategies of structuring your assets and income to qualify A Medicaid planning lawyer can also provide customized planning for your unique situation, with your Trusted Medicaid Planning Lawyer in Houston, Texas Medicaid planning is a crucial aspect of estate planning