Great Example of Estate Planning

TheEmpireNot all of us have huge estates that will require the depth of planning of a George Lucas. However, his story is a reminder of all business owners that there is a dire need for in depth estate planning so that your estate, including your business, can transition smoothly. George had the foresight to sell his “Empire” in 2012 while there were real tax advantages.

Billionaires are billionaires for a reason. They are savvy financial players and always rely on advisors for assistance. But, you don’t need to be a billionaire to plan ahead and get the proper advice. George is on a large scale, but your lack of a real tax plan could hurt you worse. If George had to pay out 65% in taxes, at least he would have a few more billion to play with. You may feel the pinch more than George!

Your Apex Business Advisor can put you in touch with good estate and tax planning professionals to prepare you for a secure future.