This is a discussion of some considerations surrounding Estate Planning for the blended family and how a good Estate Planning attorney can help to address and handle these.
This is the first in a two-part series that will focus on the legal concept of the “Corporate Veil,” with this first part defining the concept and explaining how it applies to your business. The second part will go in-depth and explain what it means for your company’s corporate veil to be “pierced” by a court of law such that the shareholders’ asset protection is compromised.
Estate planning has a lot to do with planning for the unexpected. While it may not be pleasant, it is definitely necessary to think about the future of your family if you suddenly became incapacitated or died. Would your spouse or family know what to do? Would they know where to find important records, assets and insurance documents? Would they be able to access (or even know about) online accounts or files on your computer? Taking the time to gather all the necessary information now can help alleviate anxiety and uncertainty in the future.
This is a discussion of how it can be beneficial for an Estate Planning client to have a team of legal and financial professionals work together as an advisory group in order to jointly plan the components of an estate, from start to finish.
Purchasing or Selling a dental practice can be one of the most important events in a dentists career. For those who are buying it will greatly impact their quality of life for the foreseeable future. For those who are selling it can help them get to a place of financial independence in retirement, or allow them to transition into a new practice or career.
Here is a brief outline of some of the major aspects of a dental practice transition.
You can’t create wealth until you preserve it first. Each dollar lost unnecessarily isn’t just a single dollar lost, but a compounded dollar lost. A dollar not lost allows wealth to compound from a higher floor. Losses can occur from many places beyond investments: property, income, taxes and fees. It is well worth paying for the expertise of professional advisors who are able to prevent or reduce losses in all of these areas.