Legacy Planning: Why Planning for your Legacy will Benefit your Estate. The term, “Legacy” denotes a larger meaning than simply leaving money or things behind to loved ones. A legacy is more about the way someone lived rather than how they died. Although, the administration of material assets is imperative to estate planning, leaving…
Continue reading…Things to be Thankful For: Giving Generously in Your Estate Plan
Things to be Thankful For: Giving Generously in Your Estate Plan Since Thanksgiving is just around the corner, we decided to focus on being generous and the individuals your Estate Plan can help after you are gone. So, here it is: you spend much time, energy and money in setting up a solid estate; an…
Continue reading…5 Simple Steps to Start a Business… Creating a Business Plan
Have you ever considered or are you considering starting your own business? The process can be daunting, tumultuous and confusing… However, if done right, starting your own business can be simple, efficient, exciting- as well as lucrative & fulfilling! Tiffany Ballenger Floyd, a Nevada attorney who works with new & experienced business owners offers this…
Continue reading…The Proposed GOP Tax Overhaul: A Summary of its Key Points for Nevada Families & Businesses (Part 2)
Part 2: Corporate/Business Taxes, Estate Tax, & Miscellany Corporate Taxes: Big Corporations would likely see a substantial tax reduction: one of the bill’s biggest aspects, and perhaps the most controversial, is the permanent reduction of the corporate tax rate from 35% to 20%- the largest one-time drop in big-business tax rate in history. Although the…
Continue reading…The Proposed GOP Tax Overhaul: A Summary of its Key Points for Nevada Families & Businesses (Part 1)
Part 1: Individual Taxes There are a huge variety of factors to weigh in trying to figure out whether individuals/households would see an increase or decrease in their tax rate. According to the bill’s supporters, most Americans are likely to see a small reduction of taxes under the plan; however, many Americans will see an…
Continue reading…Avoiding Mistakes: The Importance of Having a Savvy Legal Advocate in your Corner – Planning for Business Owners
Every business owner, at some point, must make decisions that will effectuate a change in the business and likely in the business owner’s personal life. Although, it is ideal that the two remain separate, all too often, business decisions carry severe personal consequences. With the right planning for business owners, you can protect their personal…
Continue reading…Who Are the Decision Makers in Your Estate Plan? (Part 2)
Welcome back to the second installment discussing key decision makers. Part 1 introduced the concept of decision makers and we named some active roles. This week, we are finishing up this topic by naming a few more roles that are pertinent parts of running a successful estate! Enjoy! Agent (Durable Power of Attorney for Healthcare…
Continue reading…Who are the Decision Makers in Your Estate? (Part 1)
Who are the Decision Makers in Your Estate Plan? (Part 1) Within an Estate Plan, there are decision makers that are appointed to make sure your estate runs efficiently and appropriately after you are gone. Some of these decision makers will play a very small role and some will have a larger, more active…
Continue reading…Estate Planning for Millennials – You’re Not too Young to Start Planning! (Part 3)
Okay Millennials, we are going to finalize this 3-part info session with Asset Protection!! When thinking of asset protection, even if you have no current assets, it is much more beneficial to have in the initial stages of planning rather than trying to group your assets together and place them later. Nevada is one of the…
Continue reading…Estate Planning for Millennials- You’re Not too Young to start Planning! (Part 2)
Revocable Living Trust: A Revocable Living Trust (RLT) is also known as a “Living Trust” and/or “Family Trust”. It is created to hold the Grantor’s (Trust Creator’s) assets for the duration of that person’s lifetime. Typically, the Grantor retains control over all of the trust assets, as long as he/she is alive & well. A RLT dictates…
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