Blum's Blog

As Campus Protests Rage, Our Kids Face Tough Decisions
To say I am greatly disturbed by the protests on college campuses is an understatement. I grew up in the Vietnam era, so I understand the urge for students to

Fair vs. Equal: Be Ultra-Careful with Unequal Inheritances
One of the thorniest issues in estate planning is the age-old question of fair vs. equal. Should you always split an inheritance equally among your kids, or are there situations

Want to Stay Younger? Dance!
I recently revealed a highlight from attending the TIGER 21 annual conference in Arizona, hearing words of wisdom from President Clinton and President Bush. Exciting as that was, it wasn’t

The Best Time Is Now
I recently had a wake-up call at a TIGER 21 meeting, thanks to my TIGER colleague and good friend Tom McKelvey. I was giving the Marvin Blum pictorial life story

Why We Procrastinate, and How To Fix It
I hope all successfully emerged from yesterday’s April Fool’s Day unscathed. Last week’s post pointed out the dangers of procrastinating, which can be particularly costly in estate planning. This week,

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
