Blum's Blog
When Failure Happens, Send a Thank You Note
For last week’s 100th post, I channeled Ben Franklin and shared a mini “Poor Marvin’s Almanac,” a collection of some of my favorite sayings. Here’s another: You learn more from your
My 100th Post: Poor Marvin’s Almanac
When The Blum Firm reached our 40th anniversary in late 2020, I was searching for a way to commemorate it. My law practice had always focused on tax and estate
Sell a Business, Save a Family
In recent posts focusing on Business Succession Planning, I’ve recognized that often the best solution for the family is to bite the bullet and sell the business. As Denise Logan
You’re Having a “Liquidity Event” and Making a Gift to Charity: The Order of Events Matters!
In my series on Business Succession Planning, I’ve identified three choices for transfer of a business: (1) transfer to family members; (2) sale to employees/insiders; and (3) sale to an
Family Legacy Planning: It’s All About Football
Happy Thanksgiving to all! If your home is like mine, part of the day’s traditions will include a football game, with some of us glued to the TV to cheer
In Search of “Family Glue”
Last week’s post recapped a “Lasting Legacy” evening where I was honored to share the stage with the Coors beer family. I described how the Coors family connection remains strong even among
Family Unity: An Evening About Glue & Beer
I was honored to speak recently at a “Lasting Legacy” seminar sponsored by The Miles Foundation and Tailwind Philanthropic Advisors as one of two presenters. My topic was “In Search of
When Your Business Succession Solution Isn’t Your Kids
In last week’s post, I shared the story of my son Adam breaking the news to me that he didn’t want to become a lawyer and join me at The
The Day Adam Told Me: “I Don’t Want to Be a Lawyer”
I wrote last week about how to improve the odds of passing down a family business to the next generation. Understandably, when founders love their business, most want it to
How to Keep a Business in the Family: “No One Owns the Tree”
Last week’s post described how a family business like Blum’s Café can become like another member of the family. When a family is attached to their business, it’s a strong
How a Jukebox Paid for My Bar Mitzvah
This post in my Family Legacy Planning series continues to shine a light on Business Succession Planning. Most of the business succession stories covered in the media involve mega-sized family-owned
Is Someone in Your Family Hurting?
Is someone in your family hurting? That’s a provocative question. The fact is, for almost every family, the answer is yes. Furthermore, if someone in a family is hurting, generally