We all know we are supposed to do estate planning, but not all of us get around to it. So what happens if you don’t have a will when you die?
Limited Liability Companies are an important tool for small business owners, but they can also be useful in estate planning. An LLC can help you pass assets to your children while avoiding gift and estate taxes.
What Is a Fiduciary and What Are Its Obligations? When you need someone else to care for money or property on your behalf, that person (or organization) is called a…
Make Sure Your Estate Plan and Other Essential Documents Are Safe from Disasters. It’s an unfortunate reality that with the increasing number of natural disasters across the country, including fires, floods,…
New Tax Proposals Mean Some Should Review Their Estate Plans. A number of tax proposals being considered in Congress could significantly affect gifting and estate plans for those with larger…
Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets. Although setting up an irrevocable trust lacks the simplicity…
The key to a successful business is having the right people, financial knowledge, effective processes, and a well-researched business plan. According to the Bureau of Labor Statistics, approximately 20 percent…
As we enter the giving season, there is an additional reason to be charitable. Congress enacted a special provision that allows more people to easily deduct up to $300 in…
Business owners are notorious for engrossing themselves in the day-to-day management and functions of their businesses. As a business owner, you are likely the heart and soul of the company…
While the internet makes our lives more convenient, it also adds new complications. For example, what happens to all our online data and assets if we become disabled or die? …
