Businesses worldwide are increasingly using social media networks to advertise and communicate with potential customers and constituents. Regardless of whether a business is using social media, its employees certainly are. Here are four reasons to establish rules for how employees use social media sites.
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Planning ahead is the most important thing you can do to protect yourself and your family. Besides protecting your home from a possible burglary, it is important to think about your personal security. This article offers 28 tips for preventing a break-in and another 13 for keeping family members safe.
It is more important than ever for people with substantial wealth to fully understand their liability risk. In addition to wrongful termination and/or discrimination lawsuits filed by domestic staff, automobile injury claims, and libel and defamation lawsuits resulting from online activity, their overall lifestyle can create unique risk exposures.
The low interest rate environment, depressed asset values and current transfer tax rules seem to offer superior wealth transfer planning opportunities. However, time may be of the essence as the window of opportunity created by these three conditions may be short-lived.
This organizer, developed by a FOX Thought Leaders Council™ member, assists individuals in the collection and organization of personal and financial information essential to the estate planning process.
For many entrepreneurs, the experience of selling their business may involve a loss of identity and purpose, despite the financial security that usually accompanies the sale. This paper addresses the personal challenges entrepreneurs face during the transition as well as issues created by a significant change in the nature of their wealth, from illiquid and concentrated to liquid and multi-faceted.
Learning early on how to assist family members to understand the conceptual and practical aspects of their social connections is a central concern of the family. Using a confidentiality/non-disclosure agreement provides a structure and begins a process that sets the framework for this work.
A search for identity and independence in a personal journey separate from the family, a challenging of assumptions, a wrestling with questions. These are the 20-something years – critical, testing and thrilling, for both young adults and their parents.
Just as every business needs a succession plan if it is to survive the death or incapacity of its founder, every family should plan for the successor management of the family's finances. Failure to attend to this issue can lead to serious consequences for the surviving spouse and other family members.
Many wealthy individuals are being told to prepare for more income tax audits by the Internal Revenue Service. Recent statistics seem to support that view. The IRS recently released its annual Data Book, which summarizes audit and collection activities for fiscal year 2010. Not surprisingly, the IRS is focusing its audits on returns that will likely produce the most revenue for the U.S. Treasury.