The Importance of Current & Effective Documents

One of the questions we regularly ask clients is “do you have an up to date will?” The most common response is an admission that there is no will, or that their will is out of date, “but we are planning to get them updated.” This is very understandable. Wills and other legal documents are put in place less for active management of our day to day affairs, and more for guidance when things are not going the way we would like (eg. death, divorce, partnership break ups, and so on).
Retirement Planning

I recently listened to a retirement planner who asked the group what they thought “retirement” actually meant. He let us discuss a variety of ideas, and then provided us with his working definition: “Retirement is when you do not work because you have to, though you may work.” His concept is that – at some point – many people do not need to work in order to meet their financial needs, but they may work to satisfy other needs.
Features of Unhealthy Family Businesses
After the past 30 years Gordon has noticed when a business family is struggling these features appear
Heir Preparation & Selection

Deciding who leads the company next (whether in the first chair or a supporting role) is a key responsibility of the current company leadership and ownership. However, it is a decision and process that is often left late, or not done nearly as well as it could be. That is understandable – especially in a small to mid-sized company (where there is a smaller group of insiders for consideration) and family-owned businesses, where several extra factors come into play.
Turn Me Loose
