There are two types of family business succession plans: financial and operational. The financial succession plan focuses on transferring ownership and mitigating taxes. In contrast, the operational succession plan deals with governance, management structure, and ensuring that the next generation has the expertise to run the business effectively. Both are essential to ensure the continuity of the family business.
Your mindset plays an essential role in driving your success, and successful people tend to adopt specific attitudes that help them achieve their goals.
With Fall in full swing, did you know it's National Estate Planning Awareness Month? If you've made assumptions about the estate planning process in the past, check out these 8 myths debunked.
If a reduction in Social Security benefits has you worried, strategizing multiple sources of income and planning ahead is key. Here are 5 ways to help fill the gap.
Looking for a simple formula to figure out how many years it will take for your investments to double? The Rule of 72 can help. This simple guide will help answer your questions.
Preserving wealth for generations to come is no easy feat, but there are some assumptions that just aren't true.
