You want to leave your business on your terms and achieve the outcomes you desire, which is why succession planning shouldn’t be delayed. A formal exit strategy ensures your wishes are followed, whether that be family transfer, sale, employee buyout or another path.
It’s tough to talk about aging and long-term care, but what’s even harder is when parents and kids don’t talk about it and then find themselves trying to handle the realities of caregiving with no roadmap.
When a death occurs, it’s normal to wonder – and even worry – about the expense of memorializing a loved one, even though we are grieving. The costs of goods and services are making headlines every day recently.
The unfortunate truth is that survivors are often faced with seemingly impossible hurdles when trying to access benefits to help with basic needs, like a roof over their head and food on the table.
While planning for the end of life may not be fun, doing so offers peace of mind because it takes the uncertainty out of what will happen to your estate when you die.