Asset Protection

For our Thanksgiving edition, we talk about being generous in your estate plan. If you are thinking of options to give generously while providing for loved ones, this is for you! 

Have you ever considered or are you considering starting your own business?  The process can be daunting, tumultuous and confusing... However, if done right, starting your own business can be simple, efficient, exciting- as well as lucrative & fulfilling!

Last week, 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.

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.  

The All About Business article series will cover many common questions that clients ask when they’re looking to form a business (or when they’re “fixing” an existing business). 

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 29^th).

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.
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