Entrepreneurs in Wisconsin may draw an unexpected lesson from the passing of legendary musician Aretha Franklin. Reports on her death have noted that despite her $80 million estate and valuable music catalog, she died without a will or estate plan in place. Franklin is not alone in the pantheon of great musicians to pass away without a will. Prince died suddenly in 2016 at the age of 57, leaving behind a legendary catalog of music and a $300 million estate. Since he passed away without a will, his estate continues to be the subject of court proceedings and debates among his heirs.
Research from some financial experts in the real estate industry indicates that commercial property pricing trends have stabilized and will likely to stay steady for at least six months to a year. Part of the reason for this phenomenon is that interest rates have ceased declining and have even risen. Since the economy continues to do well, the Federal Reserve is likely to raise the prime rate again by the end of 2018.
You have finally made the decision to move forward with starting your own business. You and any other individuals you have on your team may feel immensely excited about taking on this venture. Though you have many steps ahead of you, starting with the most basic elements may be wise.
People in Wisconsin who want to leave a portion of their estates to charity and the rest to loved ones should make sure to avoid making common mistakes. It is important to take into account the value of an account after tax.
Many real estate developers in Wisconsin are already thinking about how to tailor their next commercial real estate projects to appeal to a rising market: the young people of Generation Z. It is the generation that follows the much-discussed Millennials, and its members were born in 1996 or later. While many "Gen Z" youth are too young to invest or buy into real estate projects, its oldest members are graduating from college, entering the workforce and developing their investment and real estate portfolios. As a result, developers are looking to create new projects with timeless appeal that also speak to the specific concerns and desires of this growing market.