Blog
What To Consider During Business Succession Planning
Strategic succession planning is crucial to the successful functioning of businesses, particularly a family run or other closely held enterprise. Failing to take sufficient steps to maximise the benefits of succession planning can make a significant difference to the long-term outcomes. Changes in ownership structures and business objectives and operations can bring about substantial transfers…
Read More4 Challenges Of Estate Planning For Blended Families
Families come in all shapes and sizes – but some are more difficult to navigate. With the rising divorce statistics, it’s no surprise that blended families are becoming more common. Estate planning for this type of family is crucial to avoid complications after one spouse passes. Organizing anything with a blended family can be difficult…
Read MoreWhat To Consider Regarding Estate Planning In LGBTIQ+ Relationships
Estate planning is a fundamental factor to consider for anyone in a long-term serious relationship. Now that laws have changed in America allowing LGBTQI+ couples to marry, there are certain elements to review. Prior to this, life partners could decide to bequeath any portion of their estate to whoever they chose. However, now that federal…
Read MoreGuardianship vs. Conservatorship – What You Should Know
Guardianships and conservatorships are tricky legal processes. For many people enquiring about putting one of these systems in place, they have no idea where to start – unsure which one they should even be considering. These terms can be used differently state by state, so it’s vital that you look into the range of powers…
Read MoreThe Difference Between Family Trusts and Wills
If you’re researching wills and family trusts, chances are that you’re looking to make arrangements for the management of your assets. As people start to plan for the distribution of their estate, it’s very common for there to be confusion surrounding these two procedures. Many confuse them for being the same thing, though they actually…
Read MoreWhat is Estate Planning?
It can be a tough subject to think about, and it’s more than understandable to feel saddened or push it to the bottom of your priority list. However, estate planning is a crucial step in securing your family’s and/or business’ future. We know it can be overwhelming for many people to contemplate where to start…
Read MoreHow to Choose An Estate Planning Lawyer
You’ve worked hard to create your legacy— now it’s time to ensure that legacy continues as per your vision and plans. Whether you’re a business owner, a retiree, or just planning for the future in general, thinking about the estate planning process can be overwhelming. This is completely understandable for each and every person, but…
Read MoreHR 6201 The Families First Coronavirus Response Act (FFCRA)
This bill, which is expected to be passed in the Senate without significant modification, requires all employers to provide paid sick leave, allocates federal funding for new disaster unpaid sick leave, increases funding for low-income food assistance, and increases health care worker protection. Beyond increasing funding for state unemployment insurance, this bill falls short of…
Read MoreIRS POSTPONES APRIL 15 TAX-PAYMENT DEADLINE FOR MILLIONS
At a White House Press briefing Tuesday, March 17, Secretary of Treasury, Steve Mnuchin announced that the IRS was postponing the April 15 deadline for paying taxes for 90 days. The extended deadline applies to individuals who owe less than $1 million and corporations that owe less than $10 million. Not only will the IRS…
Read MoreIRS Releases Guidance on Taxation of Cryptocurrency:
On October 9, 2019, the IRS released Revenue Ruling 2019-24 and a question and answer document (FAQs on Virtual Currency Transactions) that confirm when cryptocurrency owner’s taxes are due. This has previously been a source of confusion. In this ruling, the IRS ruled that a “hard fork” (i.e., when one cryptocurrency becomes two) will not cause…
Read More