Integrity Marketing

Small-Business Guide - How to Prepare Your Business for Succession - NYTimes.com

Identify possible successors early and gauge their interest. Make sure family member get experience working outside the business.Consider offering key non-family employees a stake in the business.Make sure the business is prepared to pay the estate tax when the owner dies.

via www.nytimes.com

Share this link with your business-owner clients to encourage the to get their succession-planning in place.

PRACTICE MANAGEMENT: Trusteed IRA Keeps $1.3 Million In Family - WSJ.com

"I asked him if he was aware that if the money stayed in a traditional IRA, his wife could leave the money to a friend--or even a new boyfriend--upon her death," says Brisco. "He wasn't aware of that. He said, 'What's the easiest way to keep this money in my blood lineage?'"

via online.wsj.com

This article touts the advantage of the no-lawyer approach for a 79-year-old client with a $5 million estate, $1.3 in a traditional IRA. Financial advisor set him up with a trusteed-IRA and says he's good to go without an attorney. What do YOU think??

Mediators Focus on Elder Issues - WSJ.com

For years, divorcing couples have hired mediators to avoid court battles. Now, some mediators are starting to specialize in resolving disputes that relate to older adults, such as those over inheritances and caregiving. "Elder mediation has started to take off over the past couple years," says Dana Curtis, an attorney who mediates disputes and trains elder mediators at Elder Mediation Group in Sausalito, Calif.

via online.wsj.com

U.S. Millionaire Population Soared 16% in 2009 - The Wealth Report - WSJ

The number of U.S. households with a net worth of $1 million or more, not including primary residence, jumped 16% to 7.8 million in 2009 from 6.7 million the year before, according to a report released today by Spectrem Group.

via blogs.wsj.com

Interesting statistics on the U.S. wealthy released this month by the Spectrem Group. The number of Ultra High Net Worth households (those with a net worth of $5 million or more, not including a primary residence) rose 17%