Why Your Business Succession Plan Can’t Wait
You’ve poured your heart and soul into your business or farm. Make a plan for who will take it over someday, and how, whether that transition is planned or unexpected.
What is a Will vs. What is a Trust?
I know we throw around the words “will” and “trust” all the time, and sometimes it can be hard to keep them straight. Here’s a basic overview of what a will is, what a trust is, how they’re different, and which might benefit your family.
What Are Charitable Trusts?
A charitable lead trust is an irrevocable trust designed to provide financial support to one or more charities for a period of time, with the remaining assets eventually going to family members or other beneficiaries.
What is Planned Giving?
We throw around words like ‘planned giving’ and ‘gift planning’ and ‘legacy’ all the time, and we thought we’d start from ground level with this post: what, exactly, do we mean? More importantly, why does any of this matter?
The Most Surprising Things About Legacy Planning
Sometimes newcomers notice things that others no longer see. As the newest gift planning counselor at GPS, here are a few observations that shocked and inspired me about legacy planning.
What Happens if You Die Without a Will?
It’s estimated that 70 percent of Americans don’t have a will. Nobody wants to think about dying, but creating an estate plan will save your loved ones from near-certain headaches and disagreements. Here’s what happens if you die without a will…and why you should probably avoid that at all costs.