PB Law Blog... Trusts and Stuff

Yesterday, majority House leaders rolled out a proposed tax overhaul that would drastically reform tax policy. The 429-page bill, the Tax Cuts and Jobs Act, introduced on November 2, 2017 includes provisions that target an array of tax policies including mortgage interest caps, corporate tax rates, estate taxes and death tax.   The proposed tax plan is still in the beginning phases of legislation and is still being debated amongst majority leaders.  The bill’s debut comes on the heels of a less than productive political year.  Majority leaders have yet to pass a piece of major legislation since the election of Donald Trump.  Although, many GOP representatives are not sold on the proposed legislation, there is an over-arching pressure to pass a paramount legislation before the election year begins.

This tax bill, if passed, will have a major effect on many individuals, families, business owners.  Although the bill is still in the beginning stages of legislation, and it is likely that provisions will be changed, revised or deleted, we’re providing a two-party summary of the key components of the bill in its current form.

Making choices on behalf of your business shouldn't be done impulsively.  Learn why having a legal advocate can mitigate personal liabilities and avoid decisions that can debilitate your business!

Continuing the discussion about the key decision makers that may impact your estate.  In the second part of this discussion, we are giving more information regarding the individuals you can choose to help run your estate!

Your Estate Plan involves a lot of decision making!  Part of this process involves choosing decision makers to act on behalf of the Estate.  We are giving a breakdown, role-by-role, of the key decision makers that will be involved in the Estate administration!

You have made it!  The third (and final) installment dedicated to my fellow Millennials.  For this segment, I am discussing asset protection - what it entails and how it works.  

Welcome back!  As exciting as this topic doesn’t sound, I promise this is extremely helpful and necessary! This post outlines the documents that are typically included in a basic (yet, comprehensive) estate plan.

Time to put aside the stereotypes, and start planning for the future!  Millennials, this is for you.  

What happens to your pets if you pass away?!  You can make sure they're taken care of with proper planning!

How do you know if you're an independent contractor or an employee? How should you classify your workers? This post looks to some of the criteria that the IRS uses to make this determination.

Taxes & Compliance... Yay....

Please Note:  The following is a general list of considerations and should not replace the advice of an attorney familiar with your situation; This article is not legal advice and will not necessarily apply to all situations- for specific advice tailored to your situation, please consult with an estate planning attorney.