Friday, September 10, 2010 Press Coverage of Estate Planning this Week (September 10, 2010)
Deborah L. Jacobs of Forbes lists some of the many problems that can go wrong with do-it-yourself estate planning, including ambiguity leading to court battles, forfeiture of estate tax breaks costing millions of dollars, and the wrong people inheriting your assets because of missing language. See The Case Against Do-It-Yourself Wills (Sept. 7, 2010).
Gary Brooks writes in The News Tribune (Tacoma, Wash.) that small business owners should have an exit plan that follows one of three strategies: identifying and grooming a successor; preparing for acquisition by a third party; or engaging in a managed wind down of the business. Too often, however, small business owners don’t plan ahead and a default fourth approach is required: closure and liquidation of business assets. See Exit Plan a Crucial Aspect to Small Business Ownership (Sept. 3, 2010). |