Planning Your Family Business Legacy

On behalf ESTATE PLANNING LAW GROUP OF GEORGIA, James M. Miskell P.C. posted in estate planning on Monday, February 24, 2014. These two experiences taught me a lesson about family businesses. Making a family business a family legacy takes planning and preparation. While each family business has its own unique issues, there are some common strategies associated with succession…

Family Wealth And Financial Entropy

On behalf ESTATE PLANNING LAW GROUP OF GEORGIA, James M. Miskell P.C. posted in estate planning on Wednesday, February 19, 2014. The numbers also show that roughly one in three businesses pass to the next generation. Just about 10% of family businesses pass to the grandchildren’s generation. Still fewer make it to the subsequent generation. Regardless of the reasons,…

Going Back To Basis

On behalf ESTATE PLANNING LAW GROUP OF GEORGIA, James M. Miskell P.C. posted in estate planning on Tuesday, February 18, 2014. Recent tax law changes are turning traditional estate planning on its head. Indeed, moves long considered savvy-for example, aggressively shifting wealth to younger generations while senior family members are still alive or leaving assets to a “bypass” trust-may…

Long-Term Care Lapse Logistics

On behalf ESTATE PLANNING LAW GROUP OF GEORGIA, James M. Miskell P.C. posted in estate planning on Tuesday, February 18, 2014. In the meantime, cases like this demonstrate anew how vigilant families need to be. If your older relative has a long-term care policy, photocopy the page listing the company, policy number and claims contact information. Keep the insurance…