Protecting Family Assets
Types of Insurance Coverage
Types of Insurance There are may different types of insurance coverage Life insurance is usually your primary defense and has the two-pronged effect of protecting your family’s assets from being depleted or lost and providing liquidity. This post lists the various types of insurance for you to consider and briefly introduces some of their [...]
Legal Structure
Legal Structure The proper titling of assets combined with entities and irrevocable trusts can significantly enhance the protection of your assets and your family’s wealth. This does not mean that everyone needs a complex pre-packaged structure of entities and trusts. In fact, we spend a significant amount of time unwinding these complex structures because [...]
Pearl’s Estate Planning Tips
Meet Pearl. Pearl joined the office last fall and has quickly changed the culture. In addition to having a keen eye for fashion, she entertains us with her simple outlook and excitabilty. What gets her excited? Here are few estate planning tips that get her really going: Sign your documents. Every day Pearl watches clients [...]
January 2018 Estate Plan Update
Estate Plan Update January, 2018 2018 Annual Gift Tax Exemption: increased to $15,000 (from $14,000) per donor, per donee. 2018 Gift and Estate Tax Exemption: $11,200,000 per donor for next 8 years, see below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2018 Generation Skipping Tax Exemption: $11,200,000 per donor, see below. Top rate for [...]
Quinn Celebrates 25 Years of Practicing Law
For Quinn the practice of law started as a job, turned into a career and is evolving into a lifetime journey. He is grateful for the support of clients, attorneys and staff who have assisted him every step of the way and humbled by their kind words as he passes the quarter century mark. Practicing [...]
July 2017 Operating Agreements for LLCs
LLC News. Limited liability companies or LLCs have become the entity of choice over the last 20 years and can be used for a variety of purposes from a single member real estate holding company to a multimember operating business and everything in between. The lack of annual filing requirements, flexible taxation and ease to [...]
July 2017 Estate Planning Update
Estate Planning Update July, 2017 2017 Annual Gift Tax Exemption: remains at $14,000 per donor, per donee. 2017 Gift and Estate Tax Exemption: rose to $5,490,000 per donor, inflation adjusted. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2017 Generation Skipping Tax Exemption: $5,490,000 per donor, inflation adjusted. Top rate for Federal Estate, Gift and Generation [...]
2017 Q2 Business Planning
The curse of the handshake deal. Few people enter into a new business or transaction expecting to lose money. However, it happens more often than not because the parties have not thought through common issues that can come up and agreed how to resolve them. Afterwards, we hear: “I should have called you before…” “I [...]
2017 Q2 Estate Planning
Ah spring. With the first set of income tax filings behind us, it is time to think about spring cleaning and summer plans, and estate planning is no different. Take this opportunity to review and assess your personal finances and ask a few questions: 1. Are your investments titled properly to protect you and your [...]