Why It’s Normal for You to Resist Succession Planning || The biggest obstacle to the continued future success of most smaller businesses is the owner’s inability or unwillingness to plan for his or her eventual replacement. It’s the most natural thing in the world for entrepreneurs to avoid even thinking about leaving the business you started and nurtured.
Estate Planning is Essential for Blended Families || With divorce and remarriage rates as high as they are in the United States, blended families – those in which one or both spouses have children from a prior relationship – have become increasingly common. According to some estimates, they may even outnumber traditional nuclear families.
Keep Your Estate Plan Up to Date With Regular Maintenance || Once you have written your will, it may be tempting to file it away and forget about it forever – especially if it was difficult to face the task of writing a will in the first place. While it is entirely normal to feel some discomfort around the topic of estate planning, it is important not to completely forget about it once your initial estate plan is in place.