Reducing gift taxes on a company

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, March 13, 2020. One concern that business owners have when doing their estate planning is that gifting a company to their heirs could incur heavy gift taxes. In some cases, the heirs can’t afford to pay them and have no option but to sell the business. That allowsContinue reading

Consider these estate planning points if you’re a business owner

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, February 28, 2020. A person who owns and handles the daily management of a business needs to ensure that they have their estate plan in place. This has to address the need to support their family members, as well as ensuring the company can move forward. One ofContinue reading

Your estate plan might encourage your employees

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, January 31, 2020. As a business owner, you set standards for your employees. One way that you can help them is to let them know that you’re planning for the future of the company. This sometimes helps them to feel more stable. It also shows them a goodContinue reading

Entrepreneurs should consider life insurance and estate plans

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Saturday, January 11, 2020. As a small business owner, you likely know that you need to have a will and a succession plan as part of your estate plan. What you might not realize is that you also need to have suitable insurance policies in place so that thoseContinue reading

Your business may be the best asset to leave to your family

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, December 20, 2019. If you’re a business owner who is doing their estate planning, consider that your business may be the best and most valuable asset you leave to them. With that in mind, it is very clear why this process requires such careful planning. The key, financialContinue reading

At what age should children take over your business?

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, December 6, 2019. You started your business from nothing. You have been grooming your children to get them ready to take it over when you decide to retire. Maybe you have one specific heir that you think is the right pick for the job. Now, you’re just wonderingContinue reading

Transfer of assets through an irrevocable trust

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, November 15, 2019. One of the primary things that some people want to establish with their estate plan is protection of the assets from creditors. Establishing an irrevocable trust is one way that you can do this. You should carefully consider the terms of the trust because onceContinue reading

Careful estate planning benefits a business owner’s company

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, October 18, 2019. Small business owners have a lot to think about when they are trying to ensure the company’s future is bright. One of the things they need to have in place is an estate plan because this gives their survivors a plan they can follow. ThereContinue reading

Your estate plan can impact your small business

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, September 20, 2019. Living wills are a crucial part of the estate plan. If you have a small business, you might find that having this document in place is more critical than it is for a person who doesn’t own a company. One thing that you have toContinue reading

Business owners need to dig deeper into a succession plan

On behalf of Kadish & Anthony Law Group posted in Estate Planning For Business Owners on Friday, August 16, 2019. When company owners think about a succession plan for the business, they often focus on who is going to take their place when they die. This is certainly important because the business can’t run without someone in charge. It is imperative that they have someoneContinue reading