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Buy-sell agreements are legally binding documents between business partners that govern how business interests are treated if one partner or owner leaves the business unexpectedly. A buy-sell for small business owners is a practical approach for safeguarding a company, customers, employees, and other stakeholders.
When your child becomes an adult, you may not have as much say in their lives as a parent. However, accidents and illnesses still occur, and you want to be able to stay informed and help make decisions with your teenager.
The qualified business income (QBI) deduction is a tax break that’s been given to certain business owners and self-employed workers since 2018.
With the demise of guaranteed pensions, and in light of the risks you face in managing your own retirement assets, maximizing Social Security becomes a critical part of retirement planning.
Leaving an inheritance to your family or friends is not just about passing on assets, it is about making sure that your assets are distributed in the way you intend.
Woe to the taxpayer who runs afoul of the numerous and confusing IRA rules. There are forms to file, contributions to make, distributions to take, and penalties to avoid. While corrections are possible, it’s best to avoid mistakes in the first place. Here’s what you need to know.
Here’s how to get a jump-start on creating a system to organize your bills, statements, policies and other financial paperwork.
Inflation has struck with a vengeance, reaching levels not seen in more than 40 years. Though the Federal Reserve is focused on bringing it under control, it may be too little too late as prices continue to skyrocket.
When a parent is considering giving or lending a child money, the key question is whether it’s empowering or enabling. You need to structure a transfer that is best for both generations.
If you are wealthy and reaching your distribution phase, your high-balance retirement accounts can create some burdensome tax situations, particularly when it comes to legacy planning. Here are five potential pitfalls you should be aware of.
