Business owners should prioritize estate planning to protect their company, assets, and legacy in case of death or incapacitation. Unlike personal assets, businesses have complex ownership structures and key relationships that could be at risk without a clear succession plan. A well-crafted estate plan designates successors, outlines asset distribution, and ensures smooth operations, reducing conflicts among heirs or partners. ACTEC Fellows provide expert strategies on trusts, asset protection, and wealth transfer, helping business owners safeguard their legacy and maintain long-term stability.
Experts explain the Corporate Transparency Act (CTA) and legal requirements for business owners to report Beneficial Ownership Information (BOI) to FinCEN.
Explore estate planning for freelancers and gig workers. Learn about tax planning, creating a will, asset management, planning for incapacity, and more.
Experts in estate planning explain what a prenuptial agreement (a.k.a. premarital agreement) is, why you should get one, when in the marriage planning process to discuss it, and more.
Answers to life insurance policy ownership questions, insurance options, an explanation of irrevocable life insurance trust and more from an estate expert.
A general overview of the risks and rewards associated with term and permanent life insurance policies and factors to consider in choosing the right policy.
An explanation of portability of the estate and gift tax exemption and what to consider if electing to use it.
Learn about the significance of gift tax exemption and estate tax exemption when considering a lifetime gift in estate planning.
