Blog Posts Tagged "estate planning"
Don’t Make These Mistakes in Your Will
Posted on Sep 16, 2015 by BY TURNER PADGET LITIGATION TEAM
As a long-time practitioner in wills and estates and a former South Carolina probate judge, I’ve seen a lot of wills. Unfortunately, I’ve also seen many mistakes that create problems for loved ones at this difficult time or that undermine the intentions of the deceased.
Here are the most common mistakes I’ve seen, and all are easily avoidable. continue reading
What You Need to Know about Estimating the Value of Your Business
Posted on Sep 03, 2015 by BY TURNER PADGET LITIGATION TEAM
If you're considering buying or selling a business, including it in estate planning or setting terms for a buy-sell agreement that is part of succession planning, you want to know what it's worth. While valuing a business certainly includes subjective judgments, there is a method to arriving at an accurate estimate. continue reading
Why You Must Update Your Will
Posted on May 13, 2015 by TURNER PADGET LITIGATION TEAM
Our first advice on wills is to make sure you have one. And once you have a will, review it periodically and consider whether it needs an update. While wills never expire, your life circumstances do change, and a will that hasn’t been updated will complicate matters for your family when you are gone, and ultimately, may not reflect your wishes.
Here’s when you should review your will. continue reading
Don’t Allow Your Business to Become a Victim of the Dreaded Ds
Posted on Feb 11, 2015 by TURNER PADGET LITIGATION TEAM
Is your closely-held business protected from the five dreaded Ds – death, disability, divorce, disaster and disagreement? continue reading
Turmoil, and even business failure, can follow if you don’t have a legal succession plan in place when any of these events occur. While this may not offer you any comfort, you are certainly not alone if you haven’t yet set up a succession plan: fewer than half of closely-held and family-owned businesses have a plan in place that covers these contingencies.