Blum's Blog

In Estate Planning, Procrastination Can Be Costly
The Blum Firm said goodbye to 2023 and hello to a new year filled with promise and opportunity. On New Year’s 2024, I started year three of this blog urging

Benihana Restaurant Blended Family Saga: Stepmother vs. Stepkids
Today’s post continues our series on real-life family business succession dramas. Like the last two posts, we turn again to the food industry for a meaty succession story. Let’s learn

Business Succession Challenges—More Food (or Beverage) for Thought
Last week’s post used true stories from the food industry to illustrate the importance and challenges of Business Succession Planning. Today’s post quenches the thirst for more business transition lessons

Business Succession Planning – Food for Thought
In my post two weeks ago, I promised more real-life business succession stories. Here are three shocking words for many business owners: You will die. Perhaps you read that and

Rise to the Occasion: The “Shark Tank Trust”
As mentioned in last week’s post, my regular Valentine’s Day speech in Midland was postponed. Much to Laurie’s pleasure, I rose to the occasion and took her to Rise, her

Family Business Succession: The Good, The Bad, and The Ugly
I hope everyone had a happy Valentine’s Day. For the last several years, I spent most of my Valentine’s Days speaking to advisors in Midland, Texas. The same was to

What I Learned from Presidents Bush and Clinton
I had a mountaintop experience a few days ago. Attending the 25th Anniversary Conference for TIGER 21, the highlight was a candid conversation with President Bush and President Clinton. Without

What I Learned From My Brother-in-Law’s T-Shirt
I have a brother-in-law Barry Wilen (married to Laurie’s sister Diane) who is one of those super-smart, walking encyclopedia kind of guys. Normally, his wisdom deals with academic topics and

More Wisdom from “Frugal” Warren Buffett (Including His Wife’s Reaction to a $4 Coffee)
Last week’s post was dedicated to the wisdom of Warren Buffett’s longtime sidekick Charlie Munger who died in late 2023 at age 99. Today’s post looks ahead to 2024 and

A Role Model for Philanthropy with Strings: Rest in Peace, Charlie Munger
While I’m still reflecting on 2023, I lament the passing of Charlie Munger at age 99, Warren Buffett’s sidekick at Berkshire-Hathaway for nearly 50 years. All of us in Charlie’s

How My Work and Workout Communities Enrich My Life (and Maybe Will Help Propel Me to 98 Like Anna Stucker)
In last week’s post, I told of a joyful holiday visit from our kids and five rambunctious grandkids (even though a shattered porcelain pot means one less thing in our

One Less Thing for Our Estate Sale When We Die
I’ve always been a big advocate of bedtime reading to kids. As Adam and Lizzy were growing up, we built a collection of children’s books and I’d read one (or
