It’s natural for parents to want to provide support for their children. In some cases, they may have the means to support their children not only during their own lifetimes but also after they have passed away. However, it can be detrimental to the child to provide too much financial support because it can kill the child’s motivation to work and ability to succeed on their own.
Read MoreIdeally, exit planning begins a minimum of 2-3 years before the owner is ready to transition both management and ownership of the business. The following article from exit planning strategist and author John F. Dini provides an in-depth overview for business owners who are looking to transition from their business in the next few years.
Read MoreThe Tax Cut and Jobs Act of 2017 effectively doubled the estate tax exemption. Therefore, many wealthy Americans believe there is no need to update their estate plan in the near future. Are they right?
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