One of the crucial questions attorneys ask when considering a client maintenance program is “What services should be included?” Many firms have delayed, suspended or terminated implementing an updating program because they are unsure of the services they should provide. There is no roadmap or “industry standard” regarding how to keep estate plans up-to-date and
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You may have noticed that unicorns started gaining traction in pop culture a couple years ago and have sustained their popularity. The term unicorn first popped up in finance slang in 2013 after Aileen Lee, a venture capitalist, used it to describe a privately held startup companies valued over $1 billion. Now entrepreneurs want to
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Professional practices are valued based on intangible assets instead of tangible assets. Therefore, their value tends to be very dependent on earning capacity. Income Approach to valuation is based on two main inputs: Anticipated future cash flows available to owners derived from company assets (goodwill) The risk associated with generating those cash flows (discount rate)
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Throughout our years of practice, it has become increasingly clear that the driving desire from our clients, is to take care of their families. As an estate planning attorney, you have the unique task of helping them do just that, using your knowledge and experience. Although it may seem obvious, not all clients realize that
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