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Business valuation is an important part of estate planning for business owners. Knowing the value of a business helps ensure that it gets properly distributed and taxed during the estate settlement. Understanding valuation methods can make this complex process more...
In family-owned businesses, the transition of leadership from one generation to the next is an important process that requires delicate handling. Balancing the needs, expectations and aspirations of various family members impacts a family business's succession plan....
As a business owner, you work hard to build up your company and should strive to protect it in both the near term and the long term. A strong estate planning strategy helps you accomplish just that, while also ensuring that your business continues to be a source of...
A power of attorney (POA) is a document that gives someone the legal right to make decisions for someone else. The individual with a power of attorney is the agent, while the individual allowing a power of attorney is the principal. However, POAs have various forms...
Each year, people throughout Pennsylvania decide to become small business owners. Owning a small business can be a great way to earn money while doing something you love. With that said, you can protect your business by creating an estate plan. Before doing this, here...
There are plenty of reasons to get started on your estate plan as soon as you can. While you might feel healthy or young now, the reality is that anything could happen to take that away from you or result in your death. From a random illness to a car crash, there is...
When someone inherits a home or another piece of real estate, they sometimes won’t want to keep the property. Instead, they may look to sell the property through an estate sale.For homebuyers, an estate sale may provide a buying opportunity. Be warned, however,...