A major economic trend is unfolding with barely a ripple of attention: Boomer business owners are approaching retirement age and an army of these entrepreneurs are, or will be, putting their companies up for sale. Boomers own 2.34 million privately-hel… Continue reading
Over the last decade or so, I’ve founded and grown companies in fields spanning everything from publishing to car sharing. Often, the businesses aimed to solve problems similar to ones I had personally encountered. As a result, they typically targeted … Continue reading
When you inherit your parent’s home, you have three choices: you could sell it, you could move into it or you could rent it out. Here’s advice for each scenario.
The post What to Do When You Inherit Your Parent’s House appeared first on Next Aven… Continue reading
(Editor’s note: Covering LGBTQ issues is an ongoing Next Avenue priority, and this June, during Pride Month, we are publishing a special LGBTQ-focused series. We started with a guide to LGBTQ allyship, followed by a Q&A with Frank DeCaro about his … Continue reading
When the “Queen of Soul” Aretha Franklin died last August, it was believed that she hadn’t prepared any kind of estate plan, including a last will and testament. But now, nine months after her death, three handwritten wills have been found in her home … Continue reading
The world turned upside down 10 years ago for Chanel Reynolds, a Seattle-based digital strategist, when her husband José Hernando, then 43, died in the hospital, a week after a bicycle accident. But the tumult involved far more than becoming a widow wi… Continue reading
When I worked as a professor of business management, my mentor, Elmer Burack, once told me, “The world is full of baby boomers who will be leaving their careers. Once boomers leave the workplace, they won’t know what to do with themselves. You can help… Continue reading
When people find out Debby Mycroft helps people write ethical wills, she always gets a predictable response: The Lament. “They say, ‘Oh, I wish I had a letter from my dad or grandmother or great aunt,’ whoever that person was. I have not come across a … Continue reading
Next Avenue recently asked readers to send us their top questions about their 2018 tax returns and we would answer as many as we could. In the story published in late March, three tax experts sorted out confusion about: who needs to file; standard dedu… Continue reading
As a professional trustee and executor, I have seen hundreds of estate-planning documents, including some from do-it-yourself online services. I appreciate that using a DIY site to draft a will can save money and time. But I’m also concerned that somet… Continue reading