It all depends. Do you understand the tax implications of a C-Corp, an S-Corp, an LLC? Are there partners involved? Is this a start up or are you purchasing an existing company? Determining the appropriate corporate format will affect your…
Read MoreYou should hire a lawyer if anyone was injured or killed as a result of your DUI arrest; or you have several DUI’s; or your paycheck is based on keeping your license. Keep in mind Attorney Matthew Howell provides a free initial consultation to…
Read MoreThe possibility of a disabling injury or illness can be worrisome. Unfortunately, you may have to become the subject of a conservatorship or guardianship proceeding. If you become mentally disabled before you die, the probate court can appoint…
Read MoreMost of us spend a considerable amount of time and energy in our lives accumulating wealth. With this, there comes a time to preserve wealth both for your enjoyment and for future generations. A solid, effective estate plan ensures that your…
Read MoreA “Living Will” is a document that describes you wishes regarding life support if you are ever in a terminal condition or irreversible coma (think Terri Schiavo). As mentioned above, a “Living Trust” deals with your assets either in the event…
Read MoreYes. In most cases real estate should be transferred into your Trust. Otherwise, upon your death, depending on how you hold the title, there will be a probate in every state in which you hold real property. When your real property is owned by…
Read MoreWhether your estate will be required to pay any tax on your estate at the time of your death depends on the size of your estate and the tax laws at the time of your death. Currently, an estate under $3.500.000 does not have to pay any federal…
Read MoreWhen property passes through probate, you may incur many costs which can be substantial depending on the size of your estate and the location of any real property. All of these fees and expenses can reduce the estate to be distributed to your…
Read MoreYou can create a “Pet Trust” as an option; this trust can be for a specific animal or animals or for whatever animals survive you. You can designate different trustees for the care of the pet and the amount allocated for the care of the animal.…
Read MoreA trust is merely an agreement, like a contract between two parties. The person establishing the trust (the “Settlor”) and the person holding the property (the “Trustee”) hold property for the benefit of another (the “Beneficiary”). In a…
Read MoreYou have the option to prepare a Joint Trust along with all of the matching supporting documents for a “Non-traditional Couple”. We will determine the best type of Trust for you after taking into account your estate tax situation. Please note…
Read MoreIf your estate is subject to either federal or state estate tax, a trust can save substantial taxes for a married couple. These savings are obtained by being able to use the exemption amount at each death, instead of just at the death of the…
Read MoreA living trust allows you to AVOID PROBATE. Probate is a court procedure that is required if your assets are distributed without a will, under a simple will or under a will with a testamentary trust. In court probate proceedings, the court …
Read MoreFor married grantors, the estate tax liability, which would otherwise be due at the death of the survivor, can be greatly reduced or completely eliminated by proper planning. This planning can be accomplished in a living trust (although it can…
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