What’s the Password? By: Al Young I recently probated the estate of a young man who died unexpectedly. John was tech-savvy, paid all of his bills online, and received all of his bank statements and investment account statements electronically. The problem was that no one knew his user names or passwords. Highland Investment Advisors’ What’s … Continue reading

Business Succession Planning for Family Businesses The reality is that there is no entrepreneurship gene that is passed down from generation to generation. While any given entrepreneur may have the skills, experience and passion required to make his business successful, there is no guarantee that his heirs will have what it takes, let alone the … Continue reading

Last December, President Obama and Congress acted. They did not let taxpayers face a situation where there was no federal estate tax in December, but there would be a federal estate tax on January 1st with an exclusion of only $1,000,000 and a tax rate of 55%. If that had happened, we might have been … Continue reading

When I was an undergraduate student at Marquette University, the one common condition my friends and I shared was that we had no money. Mark was the exception. He had a lot of money. He had a new Mustang, a great stereo, and lived off campus in a new high rise apartment building.  He seemed … Continue reading