Retirement and estate plans: a checklist for business owners

Article Abstract:

Business owners are advised to take certain precautions when planning for their retirement and estates. They should not tie up so many assets into custodial accounts or trusts or bestow inheritances early to heirs as they themselves, may be left without enough funds for personal expenses during retirement years. Caution should be taken when holding any assets in joint ownership with people other than a spouse since the full value of the property may be included in the estate of the first one to die.

Retirement Policy, Appointments, resignations and dismissals, Retirement planning, Retirement, Businessmen, Personnel policy

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Your will and your estate: plan now for six problem areas

Article Abstract:

Proper planning of wills and estates is essential to ensure maximum protection for the heirs and beneficiaries. Appointment of guardians for minor children should be considered early. Specify which children or relative will receive what to avoid confusion. Owners of wills and estates should consider indicating the shares to be divided among beneficiaries as percentages.

Planning, Wills

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