Estate planning is one of the most complicated, but financially rewarding undertakings anyone can provide for their family. Entrepreneurs spend a lifetime accumulating wealth from business ventures, but lack of estate planning can wipe out over 50% of that wealth. These problems can be avoided with careful planning. There is never a good time for estate planning. The only choice is to make the time, and the sooner the better. Steps taken now will ensure your heirs are provided for in the way intended.
With the many choices provided by the last few years of legislation, retirement planning has become very complicated depending on your entity structure and goals. With proper planning, quick and easy retirement accounts can be established with substantial tax savings, and more complicated plans are available to firms that need more than a simple IRA.