Posts by ThriveAdmin
Recent Changes in Estate Tax Laws and Their Implications
When building a comprehensive estate plan, it’s important to consider the estate tax laws applicable to your assets. These can dictate how much of your estate may be subject to taxes upon your death, significantly impacting the wealth that can be passed on to your heirs. Significant changes to estate tax laws have occurred in…
Read MoreKey Considerations for Small Business Owners in Estate Planning
As a small business owner, how you approach estate planning naturally takes on a new dimension. Besides considering how to preserve your personal assets, you will also need to consider what will happen to your business. Both asset protection and business succession planning should be part of your comprehensive estate plan to ensure your chosen…
Read MoreCreating a Lasting Legacy through Charitable Giving
Philanthropy refers to the concept of selfless giving to improve humanity. Throughout history, individuals and organizations have contributed to the advancement of society through acts of generosity, laying the groundwork for future generations to promote social and environmental betterment. Estate planning for charitable giving has long been a means for individuals to be remembered for…
Read MoreLiving Wills & Advance Directives
Few things in life are as critical as having a well-crafted plan. This philosophy rings especially true when it comes to healthcare decisions. The unpredictable nature of health issues means that circumstances can change in the blink of an eye. This is why it is paramount to have one’s healthcare preferences documented and legally binding.…
Read MorePreparing the Next Generation: Tips for Effective Succession Planning
Regardless of their size or industry, organizations must be ready to tackle the inevitable transitions that come with leadership changes. Such transitions are critical junctures that can either propel a company forward or severely hinder its progress, depending on how well-prepared the organization is. This is where the concept of succession planning comes into play.…
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