You probably know deeds are legal documents that transfer legal ownership of an asset from one party to another. However, you might not know that there are a myriad of deeds used in each state, each with different powers and limitations. The one you need depends on when and how you want to relinquish control of a property. For example, …
There may come a time when a relative’s behavior warrants their removal from your estate plan. Such a decision normally does not come lightly, and the person seeking to make the change has often agonized over the decision for several weeks (if not months). Completely disinheriting an heir in the immediate family, such as a child or grandchild, should be …
Most people consider themselves too young to start estate planning. It’s something their parents should think about, or their grandparents need to do. The truth is that there are advantages to estate planning at different ages — and significant drawbacks to putting off the task for another day. Every generation has different priorities and circumstances, but they all have one …
There’s a new standard in place for virtually every company incorporated or registered to do business in the United States. Beginning on January 1, 2024, all legal entities and organizations are bound by the Corporate Transparency Act, which requires them to disclose information about their owners, officers, and controlling persons. Read on for an experienced business attorney’s recommendations on compliance with the new …
Filing your taxes for the first time can be overwhelming. The good news is that a little preparation can reduce a lot of the stress and anxiety new filers experience at tax time. Here, our legal practice breaks down the key steps and offers a peek behind the curtain, exploring best practices for record-keeping and minimizing tax liability. This intro …
Marriage isn’t the only way to make a family. Couples may share the same home, finances, and children for decades without ever walking down the aisle. Whether you and your partner have decided against matrimony or are putting the wedding off until the time is right, the legal status of your union doesn’t really affect your day-to-day life. However, without …
S Corp Tax Saving Strategies: Smart Planning and Words of Warning Small business owners operate on slim margins, so it’s only natural to look for ways to save money. If you’re an owner of an LLC, you could reduce the amount of taxes you owe by electing to become an S Corporation (S Corp), a popular business structure that couples …
What do millionaires have in common? It isn’t six-figure salaries, trust funds, or their bank balances—it’s the rules they follow to meet their goals. The truth about how to make your first million is surprisingly simple: save early, invest wisely, avoid debt, and keep track of every dollar you spend. No matter where you’re starting, a disciplined strategy significantly increases …
Florida Estate Planning Checklist: 10 Ways to Get Your Affairs in Order Estate planning is vital to ensuring your property is distributed according to your wishes after passing away. Each state has specific considerations and laws that come into play when crafting an effective estate plan. Our Florida estate planning checklist aims to guide you through the key steps to …
Not Quite a Scam: How Businesses Lose Money on Tax Planning Strategies for Corporations There’s no shortage of opinions on how businesses can avoid paying taxes. From social media influencers to your neighbor down the street, plenty of people are willing to put in their two cents about how you can take advantage of tax laws. Unfortunately, the quality of …
