How Divorce can Effect Your Estate Plan

How Divorce Can Affect Your Estate Plan

A divorce can be an overwhelming experience that impacts every facet of your life. Your estate plan might not be at the forefront of your mind, but a divorce will affect it. Many people forget to update their plan or put it off until it’s too late. Failing to update your plan for divorce can have several potentially tragic consequences. …

Tax Planning

Creating Your Tax Plan Before Tax Season

Before you know it December 31st will be here and that means you’ll have run out of time for major tax savings, which could be available to you if you start strategizing now. The US tax system is based on privilege for the educated and organized — meaning those who are educated and organized tend to pay less taxes — and …

Yolofsky Family

The Importance To You and Your Family of Having an Estate Plan

In 2008, Congress passed House Resolution 1499 which recognized the need for the public to understand the importance and benefits of estate planning and designated the third week of October as National Estate Planning Awareness Week. Notably, this Resolution passed without objection on the bipartisan sponsorship of 50 representatives.  Nevertheless, according to a 2021 survey conducted by Caring.com, only 33 …

Invest In Yourself

Invest In Yourself

What is the best investment you have ever made? It could have been stock options in a company, an NFT, an investment property, or a collectible item. As entrepreneurs, we think the most valuable investment you could make is to invest in yourself.  The return on your investment (ROI) of yourself will help you to enjoy the profits now as well …

Estate Planning from your Phone

Estate Planning from Your Phone

That phone in our pockets could launch any of us to the moon. The days of maybe having a phone and a computer have evolved to having a computer in our phone that fits in the palm of our hand. Computing power has increased exponentially. Indeed, a rough estimate puts a single phone’s computing power to be about 250 million …

Best Lawyer Award – “Ones To Watch” in 2023

“Top Gun only accepts the Best of the Best,” said Viper to the entering class during the 1980’s iconic “Top Gun” movie. This is also true for AJ Yolofsky which is why we are proud to announce that he has been recognized in the 2023 edition of Best Lawyers in America “Ones to Watch”. He was nominated for his work in …

5 Ways to Increase Your Cash Flow

Monopoly©. One of the best ways to learn about starting a new business is through this board game. This life-like game not only teaches how to strategize but when to buy or when to sell as well as educates some of the fundamentals of your cash flow. Is it better to own one of Park Place or Boardwalk or the …

How to choose the right entity for your business

How to Choose the Right Business Entity Structure

Do you remember as a kid having a lemonade stand? It seemed so simple to sell lemonade. All that you needed was a sign, customers, and lemonade, right? As a kid, you didn’t think about how the customers were going to hear about your business (marketing), where you are going to get money to make the lemonade (financing), or what …

5 Ways That Your Estate Plan Can Fail

Planning a vacation is fun and exciting, however, there is a lot of preparation before the experience. The lists of what to do and what to bring is important but not as important as remembering to ENJOY a vacation. It’s supposed to be fun and relaxing, or at a minimum, memorable. Also, you can probably get plenty of deep thinking …

Protect_Your_NFT_With_Estate_Planning

Game (NOT) Over with Digital Investing (Part II)

3 Ways to Protect Your NFT  2. How did you purchase your NFT? Since we are talking about cryptocurrencies, how you purchased your NFT is important. Regardless, if you bought it with cryptocurrency or cash, the government wants to ensure that you are properly taxed. Remember that death and taxes are the two unavoidable things in life. Also, an NFT is considered property …