Why you should have a small business succession plan

Why you should have a small business succession plan

Being a small business owner myself, I truly understand the ups and downs of owning your own business. There are tough questions that need to be answered every day.   Some of the big long-term questions are: Who will take over the business when I retire? Should I keep it in the family? Can I sell my business? What happens when I die and will my family get any value out of the business without me there to run it?   If you are a small business owner and have similar questions that you want help answering, let’s sit down together and figure out the answers to these tough questions. I have set up many small business succession plans and it is not something to take lightly or wait too long to do. If the proper paperwork is not completed, your family might lose out on the value of your business.   Contact me today to make sure your family benefits the most from your succession plan and the right person takes the reigns to lead your business into the...
How do I find a trust that was left for me?

How do I find a trust that was left for me?

Trusts are private documents.  They are not filed anywhere and nothing is reported to any court of law when the trust is signed or when the grantor of the trust passes away.  Your only option for finding out if you are named as a beneficiary in a trust is to determine who was nominated the successor trustee in the trust, contact that person and request a copy of the trust. If you are named a beneficiary of the trust you are entitled to a copy. However, keep in mind if you are not named in the trust the trustee does not have to give you a...