Most college kids would rather think about their social lives or academic performance than an estate plan. Have you considered as a parent, however, that failing to secure healthcare estate documents before returning to school in the fall could derail their college experience, or worse? Whether protecting against a random accident or the recent surge in...

Did you know that Individual Retirement Accounts are outstanding tools for a broad range of Americans to prepare for their post-working years? They are not, however, without drawbacks. Understanding the pros and cons of these popular investments can help account holders decide whether to contribute more during this year’s extended deadline. Due to the COVID-19 crisis,...

In December of 2017, President Trump signed a tax reform bill into law. The Tax Cuts and Jobs Act generated a lot of excitement for provisions that reduced taxes and greatly increased the estate tax exemption. This law also provided a significant benefit to small business owners – the 20% small business deduction. However, there are...

President Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017. Tax reform offered sweeping changes for the individual taxpayer and business entity, like a limited liability company (LLC). Limited Liability Companies (LLC) Are Popular, Now More Than Ever For years now, the limited liability company has been one of the most...

After a long stint serving as the leader of the family business, you may decide it’s time to sell. It may be an emotional time, or just business as usual. Still, selling a business brings forth many considerations and questions. Making the Decision. Consider how the business is owned. Is there one owner (mom or dad,...

Business owners, by the nature of their roles and responsibilities, have significant issues to consider when planning their estates.  Specifically, business succession planning is required for those who wish to sell or pass on their business upon retirement, or an untimely death, in a purposeful manner.  As with estate planning overall, business succession planning should be...