Estate Planning: Hindsight and Foresight

Estate Planning: Hindsight and Foresight

Family Ink
Spring/Summer 1997

Estate planning can be both a gut wrenching and time consuming experience. You don’t sit down and do it. It takes time and professional assistance. It often requires some tough decisions, difficult choices, even coming face to face with one’s own vulnerabilities. Perhaps, that is why so many business owners, and particularly owners of family businesses, procrastinate. How well you plan, however, may well determine not only your future but that of the family and the familybusiness, members of the Family Business Forum were told during a recent seminar at theRothman Institute of Entrepreneurial Studies at Fairleigh Dickinson University. More…

Creating a Strategic Contingency Plan

Creating a Strategic Contingency Plan Baylor

Legacies Newsletter

As a business owner or manager, you probably spend too much of your day making decisions regarding marketing, employee relations, inventory, hiring/firing, payroll, banking, and litigation. Yet, how much time do you devote to creating a Plan of Action that takes place in the event of your unanticipated death?

Wait!–before you move to the next article thinking this is only another boring insurance discussion–read on. In its highest and best use, insurance is designed to deal with unanticipated death; but it only provides the funding for a plan if one is in place.

That’s where Strategic Contingency Planning comes in. More…