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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Estate Planning Update January, 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 [...]
As business owners turn their attention to the fourth quarter, their minds turn to what needs to be done before year end. Most successful organizations are good at their business and don't have a lot of legal issues so their corporate records get overlooked or pushed to the bottom of the pile, year after year. [...]
