Key Issues from the 47th Annual Heckerling Institute Conference on Estate PlanningMarch 6, 2013

During the week of January 14, 2013, I was fortunate to attend the Annual Heckerling Institute Conference on Estate Planning in Orlando, Florida.  It is the nation’s leading conference for estate planners, including accountants, attorneys, trust officers, insurance advisors and wealth management professionals.  The sessions offered a comprehensive coverage of the latest estate planning techniques …

Key Methods Used in Valuing a Family BusinessFebruary 19, 2013

As a family business owner, your company’s future viability depends on several factors, including the value of your business. Your business may likely be the most significant asset of your estate, in terms of value for estate tax purposes and for business succession.  So it may be wise to have your business valued sooner than …

The Three Systems Within Every Family Business and How to Balance ThemFebruary 7, 2013

A family business is defined in terms of three systems: the company itself, the family attached to it, and the owners. Understanding how these three systems work in your family business and maintaining a “healthy balance” can play an important role in ensuring long-term sustainability of your family business.   The Business System includes the …

12 Signs Your Family Business Might be “Unhealthy”January 31, 2013

Why do some family businesses prosper generation after generation and why do some flounder or fail? When multiple family members control business ownership and management over time, it’s natural that the business—and the family—will see success or struggle based on things they can and cannot control. Understanding “healthy” and “unhealthy” indicators common to all family …