On behalf of McCullough & McCullough | Apr 20, 2018 | Blog
If you run a family business, you might want it to continue after you pass away. To ensure your business succeeds once you are gone, you must create a succession plan. This is an essential part of estate planning for any business owner. Planning how your...
On behalf of McCullough & McCullough | Mar 26, 2018 | Blog
Did someone just designate you as a trustee? If so, you probably have plenty of questions. As a trustee, you are legally responsible for handling any assets that are in the trust. It is crucial to understand your responsibilities as a trustee so you can act...
On behalf of McCullough & McCullough | Mar 21, 2018 | Blog
As a sole proprietor, you likely spent a good deal of time, energy and effort to build and grow your business. Perhaps you are nearing the time other people retire, so it is natural to think about long-term plans for your business. Or maybe you are younger and heard...
On behalf of McCullough & McCullough | Feb 21, 2018 | Blog
If you already have an estate plan, congratulations! That is an important step that many people procrastinate for decades. However, even though this achievement is complete, remember you need to check up on it every now and then. Your life changes a lot over the...
On behalf of McCullough & McCullough | Jan 17, 2018 | Blog
While not everyone who works on an estate plan will need a trust, or a specific fiduciary arrangement that allows a third-party trustee to hold on to assets on behalf of someone else, as a parent of the disabled, you very well might. Providing a lifetime of care for...
On behalf of McCullough & McCullough | Dec 26, 2017 | Blog
If you recently had your first baby or are planning to have one in the near future, your mind may be racing with questions. Will you be a good parent? Will labor and delivery go smoothly? Have you done everything necessary to protect your new or future offspring? As a...
On behalf of McCullough & McCullough | Dec 21, 2017 | Blog
Your parent has recently died, and you cannot find his or her will. You are fairly sure there was one governing what should happen to the estate. Perhaps you even know one existed and what was in it. You just cannot find it. What does this mean? What can you do? Speak...
On behalf of McCullough & McCullough | Nov 24, 2017 | Blog
As you age and begin creating your estate plan, one of the things you may want to consider is who you want to grant power of attorney in the event that you become incapacitated or otherwise unable to clearly express your wishes on your own. Often, the person you...
On behalf of McCullough & McCullough | Oct 26, 2017 | Blog
You may have all your personal estate planning complete, but have you planned for your exit of the family business? Do not just assume that you can leave it to a family member or sell it to a new owner and all will be well. No matter the exit strategy you choose, you...
On behalf of McCullough & McCullough | Sep 27, 2017 | Blog
The purpose of an estate plan is to ensure the proper handling of a decedent’s or incapacitated person’s assets. When an appointed person does not fulfill relevant duties or, worse, mismanages the assets for personal gain, it is a breach of fiduciary...
