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Category Archives: Legacy

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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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What Does Legacy Planning Mean?

By Fisher Law LLC |

Asset distribution is how many estate plans begin, but we can create legacies for generations to come through our estate planning, says Kiplinger in the article “Legacy Planning: Create a Lasting Legacy.” You may not realize it until you sit down to prepare an estate plan, or even until you prepare a second estate… Read More »

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Avoid Estate Planning Mistakes

By Fisher Law LLC |

Estate planning should be a business-like process, where people evaluate the assets they have accumulated over time and make clear decisions about how to leave their assets and legacy to those they love. The reality, as described in the article “5 Unfortunate Estate Planning Myths You Probably Believe, ” from Kiplinger, is not so… Read More »

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Planning for Nursing Home Expenses

By Fisher Law LLC |

The question raised in the article “Fact or Fiction: I Can Protect My Assets from a Nursing Home with a Revocable Trust” from New Hampshire Business Review is frequency asked, and the reason for it is understandable. Any form of long-term home care is costly and can quickly decimate a lifetime of savings. There… Read More »

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Do You Have an Estate Planning Blueprint?

By Fisher Law LLC |

That warning is applicable to people of all ages. Your assets can go to one of four spots: Your family Your friends Charitable organizations or The government. Therefore, to avoid the last choice, sit down with an estate planning attorney and ensure that your assets are being allocated how you want them to be…. Read More »

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No Will? Don’t Count on a Happy Ending for Your Family

By Fisher Law LLC |

The gentleman at the heart of this article isn’t the first, and sadly he won’t be the last, to start and not finish the process of preparing a will and all of the other documents that go into having an estate plan. People say they don’t need to do this just yet, or they… 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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Holiday Season Ushers in Thoughts of Family and Sharing

By Fisher Law LLC |

For many families, the holiday season is a time to reflect on the joy of family and the fun of getting everyone together, even if these gatherings can only take place a few times a year. It’s also the time when families often consider sharing their good fortune, according to the article “Share your… Read More »

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When Selecting Beneficiaries Gets Overlooked

By Fisher Law LLC |

Here’s one way to mess up your estate plan: naming beneficiaries not by name, but by the generic term “children.” If yours is a blended family, your stepchildren may be out of luck, according to the article “Five mistakes to avoid when naming beneficiaries” from Delco Times. In many states, stepchildren aren’t recognized if… Read More »

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I Want to Make a Generous Gift but the Taxes?

By Fisher Law LLC |

That’s the short answer to the question, which is often asked in a roundabout manner: “How much am I allowed to gift?” There are more details in the complete answer, as reported in The Mercury’s article, “Can I gift more than $15, 000?” You can gift as much as you wish, to whomever you… Read More »

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