In a family business, one of the most difficult challenges that CEOs face is choosing the successor CEO. A good successor will have the knowledge and experience in the industry deemed necessary to work as CEO. Likewise, you cannot understate his or her abilities as a...
Credit cards, mortgages and other debt in your divorce
Retirement accounts, family homes, stocks and more may all end up on the table and subject to split between two spouses when a couple gets a divorce. When both parties engage in negotiations to determine how they may allocate their marital resources, they must also...
Joint property does not replace a will
Joint ownership allows people to automatically pass home, securities and other property to their family because they are co-owners of those assets. But wills are still an essential part of estate planning because joint ownership does not cover all property and estate...
Options for dividing a family-run business during divorce
Dividing a business during the divorce process can be tricky and complicated. Because of that, it is important for divorcing couples facing property division and the prospect of dividing their family-run business to be familiar with the options available for dividing...
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