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While entrepreneurs are intently focused on building their businesses, they may have less time to spend on building, sustaining, and distributing their wealth. Given the importance of early wealth planning and its long-term impact, this guidebook provides insights and tools at each stage of the entrepreneur’s journey to help them move forward from growth to exit to reinvention.

Families of wealth often want to help their relatives financially but are justifiably concerned about what those individuals will do with the money and how having access to significant sums might affect their values and behavior. While making family trust distributions is a way to provide discretionary income, it’s a framework that gives the trustee control over when and how much money to give to a beneficiary. However, that process is not collaborative.

Entrepreneurs and business owners often put off wealth planning because they’re so busy with their businesses. Yet, wealth planning is a crucial part of protecting everything they’ve worked so hard for. That’s because their personal and business finances can be interconnected, but they aren’t always at the same stage of growth. This guide by BMO outlines a few key phases for entrepreneurs to consider where wealth planning can really prove its worth, including growing their business, protecting their livelihood, and planning their exit.

Whether you and your family split financial responsibilities or delegate them to one person, it is critical for your family members to have access to all your financial information. Use this guidebook created by Northern Trust to detail the location of important documents, accounts, and plans. Designed as a fillable and easy-to-update resource, it will guide your wealth planning discussions and help you gain an understanding of what you own and what you owe, develop a plan in case of an emergency, and understand how your wealth transfer plans will be fulfilled.

Whether you're planning for the future or currently navigating the complexities of wealth transfer, either way can be challenging. In this insightful webinar, a panel of seasoned professionals at Baird discusses the crucial aspects individuals should keep in mind when transferring their wealth. The presentation provides valuable guidance and expert advice and covers topics that include tax implications, estate planning strategies, family dynamics, charitable giving, and more.

Retirement is supposed to be “our time”—when we’re no longer spending the better parts of our days building a career or raising kings (or both). But for a lot of women, that’s not how retirement plays out. Research reveals that women aren’t as confident about enjoying retirement as men. Part of that answer lies in financial education. With this guide by Baird, women can take control and achieve the retirement they want and teach their children about the importance of saving, wealth, compound interest, and more.

In times of significant change, it is easy to become paralyzed by uncertainty and indecision. However, such changes are inevitably accompanied by new opportunities. In this Wealth Planning Outlook, insights—and action items—are provided on the most vital planning issues amid epochal technological innovation in artificial intelligence (AI); an uncertain, though in many ways familiar, political, and tax landscape; and rapidly evolving attitudes on the greater meaning of wealth and legacy.

Generally, parents lose access to their child’s health and financial information once the child becomes a legal adult at the age of 18 unless certain steps are taken. To this end, here is a list of seven essential legal documents for parents to complete when their children turn 18 and before they go to college or leave home for other pursuits.