Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Subject: Business
Topic: Summative Estate Plan
Paper details:
Every entrepreneur should have an action plan for the disposition of their business in the event of an unforeseen tragedy. Your business may grow in market value long before it shows a positive cash flow. There are many types of possible estate planning mechanisms which can be used by the startup entrepreneur to allow for the disposition of their estate, including their business assets, in the event of their untimely death. Estate plans can be changed as the situation changes or as the business becomes more profitable and beneficiary designations need to be adjusted. For this assignment, you first make a checklist of all of the marketable assets of your business. This is the list that you would use to decide the disposition of assets if you were making an estate plan or will. Do not include your intended beneficiaries for each of the assets in your assignment. Rather, after each asset, include your best estimate of its market value and the method you used to determine that market value (recall our lesson of business asset valuation).
Next, review your states (Texas) intestacy statutes which will decide the disposition of these assets should you die without a will or estate plan (intestate). Include the designated beneficiary in your checklist (i.e. parents, spouse, children, etc. – do not give specific names of the beneficiary) that would receive each asset listed if you were to die intestate. Finally, list the state statute that specifically controls the disposition of each asset. Please note that statutes often contain subparagraphs which you must include in your citation. For example, State X statute §200(A)(1)(a) may control the disposition of personal property while §200(A)(2)(a) controls the distribution of financial assets. The specific state statute should be included that controls the distribution of each asset in your checklist. Finally, analyze the benefits of having a written estate plan even for startup entrepreneurs with only minimal assets.
Summative Estate Plan Business Plan
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Summative Estate Plan Business Plan |
Summative Estate Plan Business Plan