If you’ve received, or will soon receive, a significant inheritance, it may be tempting to view it as “found money” that can be spent freely. But unless your current financial plan ensures that you’ll comfortably reach all your goals, it’s a good idea to have a plan for managing your newfound wealth. A Time for Reflection…

Many stocks — such as Walmart, Dell and Google —trade on the New York Stock Exchange or another public stock exchange. Shares in public companies can be converted to cash within a few days. But privately-held business investors don’t have the same luxury. Their investments can take months or even years to sell. Discounts for lack of…

By what “standard of value”should a business be appraised? That may sound like a peculiar question at first blush, but it has a significant meaning when determining the value of a private business interest. Most often, people who are unfamiliar with the nuances of business valuation recognize the term “fair market value” (FMV). However, there…