The Planning Your Future two book series by L. Paul Hood Jr gives business owners, families, and advisers a practical roadmap for some of the most overlooked challenges in succession and estate planning. Together, Buy Sell Agreements: The Last Will and Testament for Your Business and Yours, Mine and Ours: Estate Planning for People in Blended or Stepfamilies provide clear explanations, real world examples, and ready to use guidance that help readers plan for business transitions and family complexity with confidence.
The first volume explains how buy sell agreements work, why they matter, and how to design one that actually protects a closely held business when a triggering event occurs. The second volume tackles the unique issues blended and stepfamilies face when planning for incapacity, inheritance, and long term security. When read as a set, these books give readers a complete look at both sides of modern planning. The business side and the family side. Each title can be purchased individually. Most readers will benefit from owning the complete two book series for the fullest guidance.
Where to Buy
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Buy Sell Agreements: The Last Will and Testament for Your Business (Planning Your Future) Paperback Edition by L. Paul Hood Jr
Yours, Mine and Ours: Estate Planning for People in Blended or Stepfamilies (Planning Your Future) Paperback Edition by L. Paul Hood Jr
Summary from the Author
Book 1
“Paul's book is written in plain language that even a client can understand, yet it still manages to cover virtually all of the key issues that a business owner needs to address…. Buy this book.” —Howard M. Zaritsky, Esq., co-author, Structuring Buy-Sell Agreements: Analysis with Forms, Second Edition.
“Paul is extremely knowledgeable about buy-sell agreements, valuation and estate planning for the business owner. He clearly has a passion for the topic and depth of experience that shows throughout the breadth of the work.” —Edwin P. Morrow III, J.D., LL.M., CFP®, Huntington National Bank, co-author, The Tools & Techniques of Estate Planning (19th Ed.)
A buy-sell agreement (BSA) must set the rules of transition for a closely-held business. Author L. Paul Hood, Jr. shares 30+ years of experience writing BSAs to help business owners avoid the ugly consequences of a poorly drafted BSA. You’ll learn about:
- Types of BSA agreements
- BSA trigger events
- Tax consequences of BSAs
- Best practices for best outcomes
Filled with expert information, handy checklists, and useful templates, Buy-Sell Agreements: The Last Will & Testament for Your Business will help you prepare a quality BSA as well as be the lifeline for your business in times of transition.
Book 2
"If you are a member of a blended family, this is the handbook to enable your estate plan to assure that your financial wealth will lead to your family's future well-being. Read it, follow its wisdom and practices, and smile." —James (Jay) E. Hughes Jr, Author of Complete Family Wealth and Family: The Compact Among Generations
As parents, we spend our lives caring and providing for our children. However, many of us lack the foresight to create a plan that will ensure our children are supported even after we are gone. Parents neglect to handle their estates and affairs during their lifetime and leave their grieving children drowning in paperwork and tough decisions. It is even more demanding and grueling for stepchildren and members of blending families to sort through these estates. As a member of a blended family himself, tax attorney Paul Hood has pooled his personal and professional knowledge to create this comprehensive guide to estate planning for blended families. In Yours, Mine & Ours, Hood offers real-world advice while cover crucial topics such as:
- Property Ownership
- Documents for Planning
- Important Payers in Planning
- Challenges One will Face
- Words of Wisdom
When nearly 70% of estate plans yield unfavorable results for the family, the need for a meticulous estate plan cannot be overstated. Hood’s guide to estate planning will allow individuals to rest assured that their families are provided for thoroughly.