(by Steve Oshins via Ultimate Estate Planner) The estate and gift tax exemption is scheduled to drop in half at the beginning of 2026. This is going to shift the supply/demand ratio so far in favor of estate planners that wealthy prospective clients who know they need to make their large gifts need to start…
Continue reading…
How Much Does an Estate Plan Cost???
How Much is a Living Trust? How Much is a Will? How Much does an Estate Plan run? We get a variations of this question – a lot. As much as we’d love to give you a simple answer, our response is the typical “lawyer” answer: “It depends…”. We can’t tell you without talking to you about…
Continue reading…
CTA + BOI: Does my company qualify for the “Inactive Entity” Exemption??
At the beginning of the year, we discussed the new federal Corporate Transparency Act (“CTA”) that took effect on January 1st, 2024. (Check out that blog here!) In short, many small businesses and its owners were impacted and are required to submit Beneficial Ownership Information (“BOI”) reports. Noncompliance with the CTA may result in steep fines ($500/day + $10,000 for criminal fines), plus a…
Continue reading…
Recent Supreme Court Decision Changes the Game for Small Business Succession Plans…
Has your small business purchased life insurance on its owners as a succession strategy? It may be time to check the company’s buy-sell agreements and plan next steps with your advisors to avoid unexpected estate taxes! A common succession strategy for small closely-held businesses is for the company to buy life insurance policies on the life of…
Continue reading…PB Law’s Guide to the Corporate Transparency Act – CTA + BOI Reporting
The Corporate Transparency Act (“CTA”) took effect on January 1st, 2024. This new federal law likely affects you if: ❓ Not sure if this applies to you? Don’t know where to start? ❓ Check out PB Law’s Guide to the CTA + BOI to see if you’re impacted + what you need to do! 🚩👇 PB…
Continue reading…
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)…
Continue reading…
Happy Birthday, Becky!
Happy Birthday to the lovely, caring + wonderful face of our firm, Becky DeCoite! We are SO lucky to have you as a friend and team mate – have a wonderful birthday!
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…
PB Law Weekly Round Up – What to Do (Today!) to Sell Your Business “Someday”…
Even if you’re nowhere close to thinking about retirement, there are things you can implement in your business right now to prepare for way down the road… * Bonus- for Law Firm Owners: building your firm with a goal to sell it someday
Continue reading…Happy Birthday, Kat!
We hope our favorite associate attorney has the very best birthday- we love you, Kat!