Clients often assume that their family legacy can be managed and cared for with the push of a few buttons on the computer keyboard, after which a Will magically appears to solve all of their concerns. While there are numerous websites out there that will have clients believe such a notion is true, nothing can be further from the truth. A customized approach to passing family wealth between generations is imperative, no matter the size of the estate.
In fact, a Will alone requires substantial discussion to resolve such fundamental issues as who gets what, when and how, following the death of its author. For instance, a prototypical “simple” Will leaves everything outright to a surviving spouse and then to the children, and designates the surviving spouse and then the eldest child as the executor. Left unaddressed are extremely important issues, only some of which are as follows: Read more on “A Will Is Not an Estate Plan, and Vice Versa” »
FIVE KEY ISSUES FOR EVERY START-UP BUSINESS
We routinely assist clients in setting up businesses for any number of reasons and purposes. In each and every case, we demand that our clients address five key issues, preferably before they take their first step in their new venture. When a client comes to us with an established business, we similarly insist that the client immediately focus on the same five issues. In both cases, we counsel clients that addressing these issues in advance will simplify the succession process in the future. While the issues are identical in each case, the answers are specific to each client and generally require detailed conversations not only with the client but with the client’s other professional advisors and, when relevant, the client’s co-investors, co-owners or successor owners. These issues are as follows: Read more on “Business Succession Planning: Initial Considerations Before Succession Begins” »
FLORHAM PARK, NJ, March 7, 2014 — Five Star Professional is pleased to announce Christine M. Sellitti, Elias Sellitti LLC, has been chosen as one of New Jersey’s Five Star Estate Planning Attorneys for 2014.
Five Star Professional partnered with New Jersey Monthly to recognize a select group of New Jersey area attorneys who provide quality services to their clients. Christine M. Sellitti was featured, along with other award winners, in a special section of the January issue. Read more on “Christine M. Sellitti of Elias Sellitti LLC Honored with 2014 Five Star Estate Planning Attorney Award” »