A Will provides the disposition of assets titled in your name to your chosen beneficiaries, who may or may not be your natural heirs. If nobody knows that you executed a Will, or if your Will cannot be found, or is hidden or destroyed, after your death, your Will does nothing. Take Prince, for example… […]
Establishing a trust can protect your assets and properly allocate your wealth and assets among your beneficiaries at the time of your passing. You may fear that merely transferring wealth will not promote positive behaviors or reinforce core family values. This is why you may want to implement an incentive trust. An incentive trust may […]
When your family suffers the loss of a loved one, emotions run high and it seems that everyone, or no one, knows what needs to be done with that person’s assets. Did they have a Will? Did they have a Revocable Living Trust? Was their home or their checking account titled jointly with someone? Did […]
Divorce requires compassionate guidance – not only to end the marriage, but divide property, debts, and deal with complex issues of custody, visitation and child support. A determined + caring team on your side can help make a difficult time in your life more manageable. Let us provide clear answers to tough questions and protect […]
Companies are expanding their use of unpaid internships by offering the opportunities to non-traditional individuals. While the classic profile of an intern is a college student participating in an unpaid internship as part of the curriculum of a course or to fulfill degree requirements, employers are being deluged with requests from individuals who have long […]
The Death and Disability Expense Funnel illustrates potential outflows and erosion of wealth due to taxes, fees and court costs. Your assets, which include the residence, commercial real estate, bank accounts, life insurance, investment accounts, business interests, retirement plans (i.e., IRAs, Roth IRAs, 401(k)s, Roth 401k(s), 403(b), etc.), and personal property, etc. – may be […]
Proposed Federal Rules Will Increase Misclassification Risks for Many Businesses The United States Department of Labor (DOL) has proposed new rules for determining whether a worker is an independent contractor or an employee. The new framework places increased scrutiny on business, making it much more difficult to lawfully classify workers as independent contractors. If the […]
Taking advantage of warm winter weather is not the only attraction for retirees moving to better climates; some states such as Florida, Arizona or Tennessee can offer significant financial benefits to those establishing a new residency. Favorable Tax Climates in Florida, Arizona, Tennessee Notably, Florida and Tennessee residents do not have to pay state taxes […]
MBBI Trends in M&A Podcast Monthly conversations with innovative leaders and deal makers in mergers and acquisitions. Episode 13 • 1st August 2022 • MBBI Trends in M&A • MBBI Midwest Business Brokers and Intermediaries with Special Guest Keith Zerman, Kelleher + Holland. Listen at the MBBI Podcast Page
On September 29, 2022, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a rule requiring most corporations, limited liability companies, and other entities created in or registered to do business in the United States to report personal identifying information about their company owners to FinCEN. Companies in existence before January 1, 2024 will […]
