The ever-present rush of a new school year is upon us. For many families, this is the last week of summer. This is a great time to assess your current financial situation, long-term, and short-term goals. This week, we are discussing topics that are likely addressed at some point but may not be considered until…
Continue reading…Category: Asset Protection
Celebrity Estate Planning Mistakes
Just like regular people, celebrities also fail to adequately plan for their estate. Estate planning is a vital tool that provides guidance in the event of a death. It is a common belief that because celebrities have much more wealth than the average person, protecting that wealth would be of the utmost importance. However, there…
Continue reading…Guardianship Issues – Awareness & Planning Wins
Getting older and losing one’s independence is a topic that most don’t like to think about, let alone plan for. However, it is extremely important to talk about these difficult issues in order protect Senior Citizens from being taken advantage of by unscrupulous third parties. The number of Americans ages 65 and older is projected to…
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…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…Watch Tiffany Ballenger interview on August 29th episode of Fox News Channel’s “Bob Massi is the Property Man”
Tiffany Ballenger, Esq., of Phillips Ballenger Estate Attorneys, is again featured as a legal expert the Fox News Channel’s show, “Bob Massi is the Property Man” (episode aired on Saturday, August 29th). In this segment, Tiffany discusses different legal strategies and options for struggling homeowners. Watch Tiffany’s interview here. To learn more…
Continue reading…Nevada Secretary of State Fees to Increase under SB 483- Effective July 1, 2015
Pursuant to SB 483 of the 2015 Nevada Legislature, effective July 1, 2015, certain Nevada Secretary of State fees will change as follows: Annual list and initial list fees will increase by $25.00 for all entity types (an increase from $125.00 to $150.00); State Business License Fees will increase from $200.00 to $500.00 for Corporations formed under…
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