When an estate plan involves an independent business owner who wants his or her family to benefit from the value of the business, a lot of important questions will need to be answered. Most importantly: Will you leave your business to be managed by your children, or would your children rather do something else?
With the rise of Bitcoin's value, more and more people are taking the cryptocurrency seriously as a method for storing wealth. Some analysts believe that a single Bitcoin will be worth $1 million in the not-to-distant future, while others believe that the coins will be worth no more than $0 dollars in a matter of years. Regardless of your opinion, if you own Bitcoin, you will want to make sure you create a strategy for transferring your crypto coins to heirs in your estate plan.
Tuesday, February 27th
Session 1 at 11:30 a.m. - 1:30 p.m.
Session 2 at 5:30 p.m. - 7:30 p.m.
Both parts are presented at each session.
A family argument over the fate of a $92 million estate wages on in Napa Superior Court. The dispute erupted between two daughters of a multi-millionaire landlord, businessman and vintner who amassed a considerable amount of wealth during his life. The daughters are in disagreement about what happened to the $92 million estate, which also included approximately $38 million intended to fund charitable works for disadvantaged youth.
As a doctor, you will have unique estate planning concerns. For one, if you're in private practice, you may own a valuable business and you will want to transfer as much of your business value to your heirs as possible. Secondly, if no one in your family is a doctor, you face the challenge of not having anyone to continue running your business. Fortunately, there are some strategies doctors can employ to ensure the success of their estate plans.
California estate planners have a lot of options for organizing their finances and distributing their wealth after they're gone. One of those options might include the creation of a living trust instead of a will.