What is a Pet Trust and Why Should I Get One?
When it comes to our furry friends, we want to make sure that they’re taken care of for the entirety of their lives. But what happens if you’re no longer…
First Year of an LLC: Deadlines and Legal Due Dates
Deadlines and Legal Due Dates in the First Year of Owning an LLC Starting a Limited Liability Company (LLC) is an exciting step for any entrepreneur, but with it comes…
When Should You Start Estate Planning?
Estate planning is often seen as something that only people in their later years need to consider, but the truth is that everyone, regardless of age or financial situation, can…
Where There’s a Will, There’s a What?
Valid Forms of Wills: Exploring Traditional and Modern Approaches, Including Text Messages and Phone Calls Wills are essential legal documents that express a person's final wishes regarding their estate, from…
The Cautionary Side of Beneficiary Designations: What You Need to Know
When planning your estate, naming beneficiaries can seem like a straightforward way to ensure your loved ones are taken care of. Whether it's for life insurance policies, retirement accounts, or…
UPDATE: BOI Reports: What’s Going On?
UPDATE: BOI Reports A new update has come out on the status of the Corporate Transparency Act (CTA). Context on the previous status of the CTA and details on what…
BOI Reports: What’s Going On?
What it is: BOI stands for Beneficial Ownership Information. This is identifying information about individuals who own or control a company. The law that created the requirement to file these…
Understanding Estate Taxes
The IRS levies an estate tax on the assets of high net-worth individuals. This tax is imposed on estates larger than $13.61 million (as of 2024). This $13.61 million exemption is applicable to each person. Therefore, a married couple must be worth $27.22 million before they owe federal estate taxes.
Estate Planning Using Wills and Trusts
Estate planning can involve the use of a will and trusts. Learn about the differences in this post.
Corporate Veil Protections
The primary reason that my clients form an entity is for asset protection. The proper entity choice prevents business creditors from getting to your personal assets. This protection is commonly…