The success of a trust strategy often depends on how well the trust is managed — and that depends on the abilities of the person (or institution) named as trustee.
(Someone’s) Gonna Party Like It’s 1999!
by Jonathan W. Michael, Partner, Burke, Warren, MacKay & Serritella The recent death of Prince was a shock to music lovers all over the world. He singlehandedly changed the music industry. Prince wrote, produced and performed numerous hits, including, perhaps… Read more→
Preparing for an Untimely Death
In the case study that we used to examine this issue, the family business had no succession or transition plan and the President had just been diagnosed with a terminal illness. The thing that stood out to me as I… Read more→
Crash Card Template: Planning for the Unknown
Provided by Chicago Family Business Council In the event of a health emergency or sudden death, family members often scramble to locate important information and documents. This process can be overwhelming, especially when emotions are running high. To prepare for… Read more→
Taking The Plunge: How to Start Financial Planning
Financial Planning is all about setting goals. Set your goals and make sure they are SMART: Specific Measurable Attainable Relevant Timely Where do you see yourself at retirement? What milestones and major life events are important to plan for? Make… Read more→
The New Math of Estate Planning
Estate tax planning looks much different than it did in the past. In prior years, estate planning often focused on minimizing taxpayer’s estates as exemptions were low and federal estate tax rates were as high as 77%. Today, the top… Read more→