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…
Continue reading…Category: Organization
New Rules for Nevada Commerce Tax Filings!
According to an email received from the Nevada Department of Taxation, the filing requirement for the Commerce Tax has been changed- please see below: If the Nevada gross revenue of your business from July 1, 2018 through June 30, 2019 was $4,000,000 or less, your business is no longer required to file a Commerce Tax…
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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…Trust & Estate Planning FAQs with Tiffany Ballenger Floyd
Q: Isn’t Estate Planning Just for Rich People? A: NO!! Many people have preconceived notions about estate planning and believe that it is only necessary for multi-millionaires who wish to leave large trust funds to their children. However, this is far from the truth; an estate plan can be invaluable tools in the many people’s (not…
Continue reading…4 Estate Planning Myths That Refuse To Die
By Ron Carson, Forbes, May 5, 2019 Link to Original Article Estate planning remains one of the most misunderstood areas of planning. Over the years, I’ve met with people who “only needed a financial plan, not an estate plan” or “didn’t need a financial plan, just some help with estate planning.” I’ve also met with…
Continue reading…Spring Cleaning: Helpful Tools for Organization
Spring is notorious for being the season that is most associated with new beginnings and clean slates. The term “Spring Cleaning” is historically linked to a deep cleaning of one’s home, inside and out, due to the effects of Winter. Read more about the historical significance of spring cleaning here. However, Spring is also a…
Continue reading…Should I Do My Estate Planning Online???
Today’s technology allows us to access a gamut of information from the comfort of our homes or by simply pressing a quick button from our smartphones. We can even do our shopping by simply asking our “virtual assistants”, like Amazon’s Alexa or Google Play, to place an order. However, this quick and easy access to…
Continue reading…The Thanksgiving Table Is The Perfect Forum To Discuss Estate Planning
In addition to expressing thanks for all that you have in this world, take the opportunity, while your loved ones are relegated to one table, to discuss, or at least investigate, the following topics that will surely give them pumpkin to talk about. Power of Attorney: Easy as pie to execute, a Power of…
Continue reading…4 Vital Considerations for Incorporating Cryptocurrency into your Estate Plan
This week we discover the vastly popular, yet elusive, world of cryptocurrency and how it relates to your estate plan. Simply stated, cryptocurrency is a nontangible form of currency referred to as “tokens”. Cryptocurrency emerged around 2008, when Satoshi Nakamoto created Bitcoin, establishing the first form of cryptocurrency (link). The purpose behind this invention, was…
Continue reading…How to Find the Right Legacy Planning Attorney for You.
Legacy planning is much more than a configured documentation of your assets. It is both a personal and procedural preparation of your life requiring additional foresight and planning for beyond. Developing a solid estate plan requires a culmination of knowledge based on law, accounting, and a level of customization that only a good estate planning…
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