Buy-Sell Agreements Need Regular Check-Ups

Buy-Sell Agreements Need Regular Check-Ups

By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI Buy-Sell agreements are commonly implemented by business owners to place legal limitations and guidelines on future transfers of their business interests, thereby securing a smooth transition of the business. Properly documented buy-sell agreements also help to assure the continued success of the business by avoiding

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Building Flexibility into your Wealth Transfer Plan

Building Flexibility into your Wealth Transfer Plan

By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI “The only constant in life is change."Heraclitus Developing a strategy to accomplish your wealth transfer goals is a unique experience. Other forms of financial planning generally involve a known time frame to reach your goals. When you plan for your retirement, you probably have a

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Planning for Incapacity

Planning for Incapacity

Protect your Financial, Estate, and Business Goals from the Risk of Incapacity or DisabilityResearch by the U.S. Department of Health and Human Services estimates that about half (52%) of Americans turning 65 today will develop a disability serious enough to require long-term services and support. Long-term physical and mental incapacity can have far-reaching implications on

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2020 CARES Act and You

2020 CARES Act and You

Financial Considerations for Individuals and Business Owners On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act to provide nearly $2 trillion of support to families and businesses during the COVID-19 pandemic. This is the largest economic relief package in US history, with provisions that will affect nearly every

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What Your Trust Can Truly Do

What Your Trust Can Truly Do

Nine Tips for Maximizing the Impact of your Trust Trusts are commonly used as an effective means of managing, protecting and transferring a family’s financial wealth. But like so many things in life, you only get out of it what you put into it. Trusts should not be parked in your estate planning garage and

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