Is business valuation an art or a science? Years ago, this question was put to a panel of business valuation experts at a training session, and predictably there was no consensus. One noted expert said business valuation was more of a science, but he also acknowledged that it had some aspects of art as well. Another panel…
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Estate Tax Planning Tips for Single People
Estate planning is an important part of your overall wealth management strategy, especially if you’re unmarried. Single parents may worry about who will care for their minor children and whether their surviving kids’ financial needs will be met until adulthood. Likewise, wealthy single people have less flexibility when it comes to shielding transfers from gift…
Put It in a Letter
American actor Lee Marvin once said: “As soon as people see my face on a movie screen, they knew two things. First, I’m not going to get the girl, and second, I’ll get a cheap funeral before the picture is over.” 1 Tip: Contact Information A letter of instructions also might include contact information for…