With the cost of long-term care (LTC) skyrocketing, you may be concerned about your (or your elderly parents’) ability to pay for lengthy stays in assisted living and/or a nursing home. Such care can be massively expensive, with the potential to overwhelm even the most well-off. Because neither traditional health insurance nor Medicare will pay…

For many entrepreneurs, being a “workaholic” is the default status. Though such drive and dedication can be positive in short bursts, in the long run it leads to stagnation, burnout, and worse. Just as experts advise us to step away from what we are working on for short breaks throughout the day to maximize creativity,…

Estate planning is an ongoing process, and plans should be reviewed with a qualified estate planning attorney at least every three years to ensure that the goals you set in making your plan are still valid and that your plan continues to work for you and your loved ones. When reviewing your estate plan, keep…

As a parent, our role is to love our children while teaching them skills that will benefit them throughout their lifetime.  Inclusive of this role is teaching our children personal finance. For many people, learning how to manage their personal finances often occurs through trial and error, serving as a substitute for a formal education. …

Nike, Walmart, Porsche—what do these companies have in common? Outside of being globally recognized brands and generating billions in revenue, they are also family-owned businesses. Though family businesses definitely aren’t for everyone, and come with some unique challenges, for those who are able to make them work, they offer an array of benefits that simply…

In today’s digital-everything world, nearly every business—no matter how small—has some degree of online presence. Some, like e-commerce shops, may operate completely online, while even brick and mortar businesses likely have a website and Facebook account. However, unless you are an online-marketing guru, building your business’ online presence can be challenging. Here, we’ll offer valuable…

If you own a small company where you personally know and interact with everyone who works for you, it can be hard to fathom that one of those people would ever steal from you. But the fact is, embezzlement happens all the time, even at small, family-owned businesses. According to a 2017 study on white-collar…

The daily grind can be a real challenge. It can be difficult to stay motivated at work and focused on the right things, particularly when financial times are hard, or deadlines are compressed, and the pull of social media can be so strong. Taking a step back and reorienting yourself regularly can help increase your…

If you have highly appreciated assets such as stock and real estate you want to sell, it may make sense to use a charitable remainder trust (CRT) to avoid income and estate taxes—all while creating a lifetime income stream for yourself or your family AND supporting your favorite charity. A CRT is a “split-interest” trust,…