Business Continuation Planning

August 2018 BUSINESS CONTINUATION PLANNING Ask yourself…If you had retired, died or become disabled yesterday, who would own and manage your business today? Would you want your business interest retained for a family member, sold or liquidated? Retain the Business Interest for Your Family Is there a capable and willing family member? Will the family member be acceptable to any other business owners? How will you or your surviving dependents replace the…

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Tips for Managing an Inheritance

August 2018 TIPS FOR MANAGING AN INHERITANCE Take your time. This is an emotional time…not the best time to be making important financial decisions. Short of meeting any required tax or legal deadlines, don’t make hasty decisions concerning your inheritance.Identify a team of reputable, trusted advisors (attorney, accountant, financial/insurance advisors). There are complicated tax laws and requirements related to certain inherited assets. Without accurate, reliable advice, you may find an unnecessarily large…

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Long-Term Care…Did You Know?

August 2018 LONG-TERM CARE…DID YOU KNOW? Did You Know… > Almost 70% of people turning age 65 will need long term care services and supports at some point in their lives. (Source: LongTermCare.gov, November 2016) > About 67% of nursing home residents and 70% of assisted living residents are women. (Source: Long-Term Care Providers and Services Users in the United States, February 2016, National Center for Health Statistics) > The…

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