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Category Archives: Business Succession Planning

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What Is Family Business Succession Planning?

By Fisher Law LLC |

The importance of the family business in the U.S. can’t be overstated. Neither can the problems that occur as a direct result of a failure to plan for succession. Business succession planning is the development of a plan for determining when an owner will retire, what position in the company they will hold when… Read More »

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Remind Me Why I Need a Will

By Fisher Law LLC |

There are a number of reasons to draft a will as soon as possible. If you die without a will (intestate), you leave decisions up to your state of residence according to its probate and intestacy laws. Without a will, you have no say as to who receives your assets or properties. Not having… Read More »

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Estate Planning Different for Business Owners and Top-Level Executives

By Fisher Law LLC |

Do you need an estate plan? If you have children, ownership shares in a business, or even in more than one business, a desire to protect your family and business if you became disabled, or charitable giving goals, then you need an estate plan. The recent article “Estate planning for business owners and executives”… Read More »

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Don’t Shrink Your Estate with Last Minute Tax Planning

By Fisher Law LLC |

In the best-case scenario, you’d start talking with your estate planning attorney early on about your overall goals and the various tools available to minimize tax liability and transfer wealth to the next generation. Whether your estate is modest or significant, the article “A Recipe for Risk—Last-Minute Tax Planning for Estates” from The Legal… Read More »

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How Family Businesses Can Prepare Now for Future Tax Changes

By Fisher Law LLC |

The upcoming presidential election is giving small to mid-sized business owners concerns regarding changes in their business and the legacy they leave to family members. The recent article “How family businesses can come out on top in presidential election uncertainty, ” from the St. Louis Business Journal looks at what’s at stake. Tax breaks…. Read More »

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If Not Now, When? It is the Time for Estate Planning

By Fisher Law LLC |

What else could possibly go wrong? You might not want to ask that question, given recent events. A global pandemic, markets in what feels like free fall, schools closed for an extended period of time—these are just a few of the challenges facing our communities, our nation and our world. The time is now,… Read More »

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When Do I Need an Elder Law Attorney?

By Fisher Law LLC |

Elder law is different from estate law, but they frequently address many of the same issues. Estate planning contemplates your finances and property to best provide for you and your family while you’re still alive but incapacitated. It also concerns itself with the estate you leave to your loved ones when you die, minimizing… Read More »

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Not a Billionaire? Trusts Can Still Be Beneficial

By Fisher Law LLC |

You don’t have to be wealthy to benefit from the use of a trust. A trust is a legal arrangement by which one person transfers his or her assets to a trustee who will hold those assets in trust for third parties, explains the Stamford Advocate’s article “Trusts are not for the wealthy only.”… Read More »

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Business Owners Should Start End-Game Planning Now

By Fisher Law LLC |

Most parents understand that the ultimate goal of child-rearing is to help a child become an independent adult. For the business owner, this means building a business that would continue after they have retired or passed away. However, when it comes to estate planning, says the article “Why Business Owners Should Think About Estate… Read More »

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Protect the Family Business with Advanced Planning

By Fisher Law LLC |

Have you figured out who will take over the family business? Are you or your parents prepared to transition the business to the next generation? How will family members be part of the transitions? Do you have a plan to minimize tax exposure? These are just a few of the questions that must be… Read More »

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