Law Office of Randy Michel
College Station, TX
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December 2013 Archives

Helpful steps in creating a succession plan

For many business owners, the toughest issue to resolve in a business is how to keep it profitable. However, the biggest question is commonly an unresolved one: how to pass the business on when the owner retires or is unable to run it. Because of the difficulty in answering the question, many business owners may avoid it. And let’s face it, many are simply too busy.

How to avoid awkward estate planning conversations

As our readers gather for holiday celebrations and family events, conversations inevitably go towards the forbidden topics that make people uncomfortable (e.g. politics, financial advice, religious convictions). If your family is used to awkward conversations (or timely rebukes about forbidden conversations), it may still be appropriate to discuss estate planning.

NBA rookie sets aside salary in a trust

The tales of former professional athletes burning through substantial amounts of money is nothing new. In fact, ESPN created a 30-for-30 documentary, “Broke”, that chronicled some the most painful (and troubling) tales of money lost during and after an athlete’s career is over. With 78 percent of former NFL players and 60 percent of former NBA players declaring bankruptcy within five years after their retirement, money mismanagement is arguably an epidemic.

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Law Office of Randy Michel
232 Southwest Parkway East
College Station, TX 77840

Phone: 979-314-2965
Phone: 979-764-2435
Fax: 979-764-2436
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