PB Law Blog... Trusts and Stuff

Election Day is tomorrow, Tuesday, November 5th, 2024!  Questions about where/how to vote?  Need help? 

Here are the answers!  👉👉👉   I Will Vote

We’re happy to announce that our founding partners, Christopher J. Phillips and Tiffany Ballenger Floyd, were both selected to the 2024 Mountain States' Super Lawyers list...

Congrats on the purchase of your new digs!

Whether this is your first home, or you’re moving up, downsizing, or making a change, buying a home is a significant milestone.

Now that you’ve got the keys to your new home, we’re sharing some key tips to ensure things run smoothly... 

My best friend (who is a legit big deal in the world of international finance), texted me the other day:  

Did you know that simply having a Last Will and Testament (“Will”) likely ends up with your estate being handled by a Court?  (She did not).

I figured if she was in the dark, others must be pondering this question.  Today, I’m sharing your four options to avoid court and ensure your estate is handled seamlessly...

The current estate tax exemption ($13.61 MM in 2024) is set to sunset on January 1, 2026.  This week's blog, courtesy of Steve Oshins and Ultimate Estate Planner, outlines practical considerations to ensure you allow enough time to plan accordingly! 

The Good News:  If your LLC qualifies as an “inactive entity,” you may be exempt from having the hassle of submitting a “Beneficial Ownership Information” (BOI) Report to FinCEN.  

The Bad News:  In our experience, most dormant / unused companies don't actually qualify as "Inactive" under the CTA rules... 

Read on for 6 questions to figure out whether your company qualifies as "inactive" in this week's blog...

Check out this week's blog to find out what you need to know - now - about the Corporate Transparency Act ("CTA"), which is estimated to impact over 30 million - mostly small + mid-size - businesses.

This new federal law likely affects you if: 

• Are a business owner;

• Have beneficial ownership in a business (individually, or thru another company or trust); 

• Have substantial control over a business 

The failure to comply with the CTA is not to be taken lightly, with steep fines ($500/day + $10,000 for criminal fines), plus a possibility of two years in jail! 

Read on for a link to our comprehensive guide to the CTA + BOI Reporting, to see if you're impacted  + what you need to do... 

There are many options out there when looking for an estate planning attorney. 

Check out our blog where we offer (3) different types of lawyers you may come across when looking for the right fit to help protect your legacy...