Tag: business

SHREWSBURY – Retail therapy just got a big boost with new businesses opening doors in the borough’s prime corridors right in time for the holidays.

MIDDLETOWN – To the surprise of many local customers, the Middletown Pancake House, a mainstay of the township’s diner scene, closed Saturday, Oct. 26, after 38 years in business.

Builders’ General, a fourth-generation family-owned and operated business proudly commemorated a significant milestone this year, celebrating 40 years of its esteemed Trade Show.

With the myriad responsibilities keeping owners focused on short- to medium-term needs and objectives for the business, there is often less time to think and plan critically for the long-term future.

Charitable giving plays a critical role in improving people’s lives around the world. Increasingly, ultra-high-net-worth individuals and families are the ones supplying the funds needed to keep the work going.

The second cannabis dispensary opened its doors in the borough while Monteverde Modern Dispensary, the first to set up shop in Red Bank, just passed six months in business.

In regular meetings with clients and families, some form of this question is always asked: Has anything related to your financial or personal situation, risk tolerance, cash flow needs or objectives changed since we last spoke? If “We’re about to go through a divorce” is part of the response, three things should happen.

For affluent families, tax planning is not just about complying with the law. It is also a critical component of wealth management and wealth preservation.

Only about 10% of families can expect their wealth to last beyond their grandchildren’s generation. That was one of the findings of a widely cited study from the early 2000s, which followed 3,250 families over 25 years. On average, a staggering 70% of a family’s wealth was gone by the second generation.

One question that comes up quite a bit is: Does it make sense to use trusts in my planning?