When you plan your estate, you likely want to pass as much wealth as possible to your beneficiaries while reducing tax liability. A Grantor Retained Annuity Trust (GRAT) allows you to do just that. It provides a strong method to preserve your assets and pass future appreciation to your loved ones … [Read more...] about How a GRAT Lawyer Can Maximize Wealth Transfer
Setting Up a Charitable Remainder Trust for Long-Term Giving
A charitable remainder trust allows you to support causes you value while preserving financial stability. This type of trust lets you contribute property, receive income for a set period, and transfer the remainder to a charity. It aligns well with a long-term estate plan and provides tax benefits … [Read more...] about Setting Up a Charitable Remainder Trust for Long-Term Giving
Trump directs end to paper government checks
The Trump administration has issued an executive order directing for the elimination of most paper checks issued by government agencies and by taxpayers for government payments by September 30, 2025. The Executive Order will require the use of electronic deposits for most government benefits s … [Read more...] about Trump directs end to paper government checks
WARNING: Most Small Businesses Must Register Under Corporate Transparency Act by December 31, 2024
In 2020, Congress asked for a new law called the Corporate Transparency Act. The purpose of the law was to require entities who might be laundering money or otherwise doing illegal financial transactions to register with a section of the Treasury Department called the Financial Crimes Enforcement … [Read more...] about WARNING: Most Small Businesses Must Register Under Corporate Transparency Act by December 31, 2024
Picking the Perfect Business Structure
When you set up your business, one of the first things you have to do is choose a business structure. Each structure has its own benefits and limitations, so it is an important decision that you need to think about. It may also help to seek advice from a qualified business lawyer. Here is what you … [Read more...] about Picking the Perfect Business Structure
