Most business owners understand the importance of keeping your business separate from your personal estate. You may have done your homework and weighed your options. Perhaps you’ve even considered the tax and non-tax implications for common business entities. We bet you’re also intrigued by the protections certain business entities (such as Nevada LLCs) afford their…
Continue reading…Category: Asset Protection
The 3 Types of Lawyers to Consider for Your Estate Planning…
In today’s complex legal environment, it’s important to understand that all lawyers do not specialize (or even practice) in all of the various areas of the law! When it comes to estate planning, it’s important to understand how “specialized” your legal representation is when handling your family + legacy. This week, I break down the (3)…
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When Generosity Backfires… Are your gifts causing more harm than good?
As an estate planner, I deal with lots of generous, kind folks with very big hearts (and sometimes, big wallets to match). That’s not always the case- sometimes clients have a more modest estate that belies their generous spirits. In this series, I’m offering a weekly Q&A to outlines some mistakes I’ve seen my generous clients…
Continue reading…Coronavirus Legal Advice: Get Your Business and Estate in Order Now
By H. Dennis Beaver for Kiplinger Click here to learn more and read more articles from the author. Estate planning attorneys are getting mobbed with questions. So, here is some timely advice from three attorneys on what families and business owners should be doing to prepare in case the unimaginable happens. The stock market has…
Continue reading…The Three Types of Lawyers to Consider for Your Estate Planning
Contrary to popular belief, all lawyers do not specialize in all areas of law! When it comes to estate planning, it is important to understand how “specialized” your legal representation is when handling your legacy. This week, I have broken down three types of representation common to the estate planning arena. #1 – “Jack of…
Continue reading…Back to School Checklist #2: Get Your Estate Plan in Order
On last week’s blog, I shared some easy, practical tips on how to get organized prior to the upcoming school year (See Part 1 Here). Today, I’ve included some reminders & advice on how to get your estate plan in order, before your schedule fills up and procrastination sets in! Back to School Checklist #2: …
Continue reading…Why I’m Convinced that Estate Planning is a Women’s Issue
Estate planning is important for both sexes, but the pitfalls of failing to plan simply affect women, particularly mothers, much more than men– both in terms of raw numbers (we live longer) and the all-too-common female burden of carrying the entire family’s mental workload. As a group, the facts are: women live longer than men, earn less than…
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FAQs about Protecting Your Ass(ets)
Asset Protection typically refers to the process of legally protecting your property/estate from potential creditors, including lawsuits and divorce actions. Asset protection planning is all about “putting your eggs in different baskets”, so to speak. We often use various methods and strategies, such as insurance, state & federal “freebies” (i.e. Nevada Homestead Exemption), as well as advanced…
Continue reading…Wealth. What does it mean to you?
Wealth to me is not about money. I gauge my wealth on the relationships I have, the quality of time I am able to enjoy with my family, the level of joy and happiness I feel when I am able to provide experiences and special moments with my children. Yes, money does afford me the…
Continue reading…Why Your Family’s Money Belongs In Nevada — No Matter Where You Live
April 2, 2019 By Michele Lerner, for Forbes/ Whittier Trust, Brandvoice Link to Original Article Nevada may be known for its casinos and high-stakes poker games, but high-net-worth families will find it no gamble to keep their money there. “Nevada is one of the most trust-friendly states — and a great alternative to placing your money…
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