One of the things that makes managing legal issues so challenging is that the laws are always changing. This blog is designed to help you stay current on many of the latest changes.
Although tax planning is an area of supreme importance for business owners, it is also an area of confusion. A recent article explores some questions that financial advisors and estate planning attorneys are commonly asked by their clients. One common question is, “How long is the new estate tax going to last?” Many business owners […]
read more...Currently, there are many alternatives to hiring an estate planning attorney to create your estate plan. Consumers are overwhelmed with books, web sites, and software that promise to provide a complete estate plan for a fraction of the cost of hiring an attorney. An article in Forbes discusses just why do-it-yourself trusts can be so […]
read more...For many, asset protection is a large concern. Often, creditors who challenge asset protection maneuvers emerge successful. An article in Forbes discusses why it seems that creditor suits are often met with success. It is first important to note that, more often than not, a lawsuit will settle before it goes to trial. Therefore, there […]
read more...With the ever-growing prevalence of social media, it is becoming important for people to create plans for their virtual afterlife. A recent article discusses four steps that people should take in order to make sure that their estate plan covers virtual assets. Step One: Make a List In order to make a digital estate plan, […]
read more...When discussing your estate plan, it is important to ask any and all questions you may have. Often, when estate plans fail, it is based at least in part on a lack of understanding on the part of the creator, as well as the heirs. A recent article discusses essential questions that everyone should ask […]
read more...One difficult question many people may ask themselves while in the process of creating their estate plan is whether they made adequate provisions to support their dependents. This question becomes more difficult as people live longer lives and enter into multiple marriages. According to a recent article, decedents often fail to adequately provide for the […]
read more...According to a recent article in Forbes, the field of asset protection is growing. Some business owners may be looking to protect their assets as they emerge out of the recent recession, while others may simply be attempting to put protections in place in case of a future economic downturn. Regardless of the reason, it […]
read more...The process of settling an estate after a loved one dies is naturally confusing and emotionally trying. The confusion is often heightened for those who come to find that they have been named the executor of the deceased person’s estate. A new article in Forbes attempts to help such people understand the role and responsibilities […]
read more...Often, an individual retirement account (“IRA”) is a person’s largest asset. IRA accounts are a valuable tool that can be used for the purposes of supplementing one’s income during life, and providing for his or her heirs in death. A recent article discusses five common and costly mistakes that people often make while completing their […]
read more...Succession planning is something that many small business owners have little time to think about. Conversations surrounding succession planning may be sensitive and awkward. However, if you want your business to outlive you, you must implement a succession plan. A recent article in Forbes discusses several questions to ask yourself when creating a succession plan […]
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