In nearly every U.S. state, property rights — including estate rights — apply to spouses, whether the marriage is a first or subsequent marriage. Although the laws are complex and can vary dramatically from state to state, you should at least review your estate plan if you’ve remarried to help ensure your assets will go where you…
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Personal vs. Business Goodwill: Why It Matters
You can’t touch goodwill, but it’s one of the most valuable assets for many businesses. Commonly associated with professional service firms, goodwill can also exist among manufacturers, retailers, contractors and other types of businesses. Valuing intangible assets, including goodwill, requires the use of a business valuation professional to get it done right. Getting a Handle…
More to Business Valuation than Meets the Eye
Most business owners and attorneys know the basics of the business valuation process. For example, you might know that there are three approaches to value: the cost, market and income approaches. You might even know some of the methods that fall under these approaches, including the: But experienced laypeople also understand that the process of…