Your Estate Does Matter By: J. Glenn Ebersole, Jr., Chief Executive of J. G. Ebersole Associates and The Renaissance Group™
In my business coaching and strategic thinking and planning consulting work, I have found too often that the owners and managers of small to medium size businesses frequently fail to do adequate estate planning and lack suitable estate planning documents. The lack of effective planning can result in costly probate proceedings or unnecessary estate taxes. Therefore, my real mission with this article is to try to convince you that “your estate does matter!” and you need to make sure you have committed to take the needed action to get your estate planning in order now.
I believe it is fair to say that business owners and managers do not intentionally plan to neglect this type of planning. However, it probably is fair to say that it is something that is “put off” because of the conflicting advice and confusing laws and regulations that cover this subject.
Rising to the challenge of finding a solid resource and references for advice in this matter, I looked to my clients and found Patti Spencer, Esq. Patti is widely recognized as a preeminent estate planning attorney and is the founder and owner of Spencer Law Firm in Lancaster, PA. In her 25 years of practicing law, Patti has assisted both clients and other professionals with estate planning, probate, taxation and closely held business issues. She has published numerous articles on estate planning topics and is the author of a weekly column, “Taxing Matters” for the Lancaster Intelligencer Journal, Lancaster, PA.
And we are very fortunate that Patti has also written a book, “Your Estate Matters Gifts, Estates, Wills, Trusts, Taxes and Other Estate Planning Issues.” The book is available on the amazon.com website at www.amazon.com and I do highly recommend it. I have read the book and have posted my review on the amazon.com website and below for your review.
Amazon.com Review Highly Recommended Lifetime Guide on How to Prepare, Preserve and Protect Your Estate Matters, August 22, 2005 Reviewer: J. Glenn Ebersole, Jr. "Renaissance Man For You" (Lancaster, PA) - See all my reviews Patti Spencer, Esquire, is widely recognized as an authority on estate planning matters. She has written a weekly column in the Lancaster Intelligencer Journal, "Taxing Matters" since 1999. Her book, "YOUR ESTATE MATTERS" grew out of those weekly columns. Patti is known for her "down to earth" conversational style and for using humor in presenting what most times is a dry and dull subject. Patti presents very valuable information and advice which will enable the reader to greatly increase their knowledge on the subject. The book is easy to read and helps debunk many myths about estate planning, including the one about: if you don't have a will, the state gets everything." This book is the one resource I have found that provides practical and understandable advice and reasonings regarding estate matters. Patti has really hit a home run with this book. It is a must read for anyone, from an individual, a retiree, a business person or anyone who is getting prepared to address their estate matters. In 35 years of professional life, this is one of those valuable resources that has the potential to have a profound impact on changing the way people think about the subject of estate planning. I highly recommend this book and will be sure that my business clients, especially those with family owned businesses, get this book and read it cover to cover. It should become a part of every business owner's business survival kit and everyone's personal library.
J. Glenn Ebersole, Jr., Founder & Chief Executive, J. G. Ebersole Associates and The Renaissance Group (TM), and author of "Glenn's Guiding Lines - Thoughts From Your Strategic Thinking Coach" Newsletter.
I would also recommend that you visit her website at www.spencerlawfirm.com to learn more about her estate planning work.
Please remember that “your estate does matter” and that you need to take action now to assure adequate estate planning is achieved.
To learn more about this author, visit Glenn Ebersole's Website.
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