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Estate planning designates material possessions and other assets to family members and other loved ones. For older people, it represents an opportunity to pass down cherished mementos from one generation to another. Yet, many baby boomers choose not to wait for a will to determine where their material assets go. They begin to hand over treasured possessions to the next…
Among the things that can be critical to a business’ success is it being able to smoothly get the goods and services it needs for its operations. So, how things are going with the vendors and suppliers their company is working with can have significant impacts for a business owner. Vendor and supplier problems can pose major difficulties for a…
Adults need to create a will early on in life and then regularly update it as the years go on. However, many people fail to even complete that first step. A Gallup poll suggests only 44 percent of Americans have any kind of will. Upon a person’s death, there is a submission of the will to a court so that…
There’s no question that many people find the subject of their own mortality rather uncomfortable. Indeed, it’s the reason why so many are loath to make doctor’s appointments, buy life insurance and, of course, execute the necessary estate planning documents. Indeed, a recently published study reveals that it’s not just wills and trusts that are being neglected, but also important…
Few words can match “Google” in terms of prominence in the public venue. When it comes to internet searches, the term is truly the parlance of our times. So much so, that it runs the risk of succumbing to “genericide.” The seeds of genericide are planted when the public appropriates a trademark and uses it as a generic name for…
Pandora, a music-streaming pioneer, was on the verge of collapse in 2008. While they survived royalties skyrocketing into the stratosphere, they persevered. Today, they still find themselves in a struggle to keep pace with Spotify, Apple Music, YouTube and other rivals. As part of a rebranding effort launched last fall, Pandora announced a new phase in its evolution as a…
The most successful business leaders are people who know all aspects of the companies they run. That in-depth knowledge creates challenges when the time comes for their retirement and much-needed succession planning. The important transition involved in business succession goes beyond one person ending a career. The most proactive and effective leaders will have a successor not just for one…
Essential is a commonly used word defined as, “absolutely necessary and extremely important.” However, the word is creating a bone of contention between two companies in the consumer electronics industry. Andy Rubin, the founder of a new smartphone company called Essential, received a less than warm welcome into what many consider a cult of unique personalities. He and his business…
Your siblings were fine with your offer to take care of Mom, but would they feel the same if they knew that now she wants to change her will? It seems fair that because you rearranged your life to help her, she should acknowledge that with a financial award. However, you do not want them to accuse you of manipulating…
The continuing war between one of the world’s most powerful combines and a well-financed up-and-comer has yet another casualty. Anthony Levandowski who came to Uber to head the company’s self-driving automobile development was fired on May 30. The star engineer, according to many in the industry, has been plagued with accusations of stealing trade secrets after resigning from Google. Google…