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 […]
Older Americans are one of the fastest-growing demographics in the country. Our senior population represents more than 1 in every 8 Americans, and a person turning 65 has a 70% chance of needing some type of long-term care (“LTC”) services in their remaining years, according to the Administration for Community Living. Because people are living […]
Florida is known for being a destination for retirees to seek out warmer weather and a relaxed lifestyle. Contrary to historical trends, Florida is beginning to see a significant influx of younger individuals, families and businesses making the move due to the state’s tax benefits and remote work options. Recent changes to Florida’s uniform trust […]
Spring has finally arrived (even if we are still waiting for those warm, sunny days)! And spring means Mother’s Day and Father’s Day are right around the corner. What Does Your Family Look Like? Maybe you’re a parent, or maybe you’re not. Even if you don’t have children of your own, are there are other […]
Has Someone Named You as Their Power of Attorney? If someone (called the “principal”) has named you as agent under his or her Durable Power of Attorney (“DPOA”), and you have agreed to act for that person, you should understand your responsibilities and duties to the principal. You are a “fiduciary”, and as a fiduciary, […]
Before the onset of the COVID-19 pandemic, your business ran without a hitch. Supplies came in a timely manner. Employees came to work per usual. Contracts were performed and completed by the due date. Then, the world changed. Suppliers ran out of inventory and either filled orders late, or not at all. Similar problems arose […]
Although many advisors expected considerable and unfavorable revisions to estate and tax laws in 2021, last year’s legislative proposals resulted in little change. In fact, the 2022 federal gift and estate tax exclusion amount is now at an all-time high of $12.06 million. As this amount is scheduled to be reduced to $5 million (adjusted […]
When setting up an estate plan, one of the most important decisions that you need to make is who will manage your affairs following your death. This will be your Executor (named in your Will to handle your probate estate, as well as some other matters, such as tax filings) and your Successor Trustee (named […]
