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When your home is paid for, your investment accounts are pumped up, and your debts are gone, your future is safe, right? Not necessarily… Now, it might be time to think about succession and asset protection. Easy come, Easy go? No! Most property owners have very limited protection in place against even the standard threats. These might include personal injury attorneys, litigants, fraudsters, regulators, taxing authorities, business rivals, and even unprincipled family member

Tony makes GREAT pizza! Most closely-held businesses reach a point when selling full or partial ownership becomes a desire or even an absolute necessity. But what are the steps and considerations from “we need to sell” to the closing process…and even beyond? Step One: Getting Your House in Order.  Do you have a company records book and is it up to date? How about your financials? One initial point of consideration is determining exactly what is being sold, whether it includes

An LLC is a legally formed business entity, and there is risk in leaving it just languishing. An “inactive” LLC is a business entity that has ceased its primary business operations. This usually means it is no longer generating revenue, conducting transactions, or engaging in the commercial activities it used to. Though it might be non-functioning, from a legal and regulatory standpoint, the LLC still exists until it is formally dissolved. Don't just walk away...shut it down

IRC Section 1031 allows sellers of qualifying real estate to exchange  it for like-kind  real estate and defer  payment of taxes. I started with a warehouse and ended with a skyscraper! THE RULES ARE STRICT: 1.      Seller must never take possession of funds from the relinquished property; 2.      Replacement property must be like-kind real estate; 3.      Real estate must be used for investment or business, and not be considered stock in trade or personal property; 4.      P

What's next really matters! Estate planning isn’t only about distributing your house to your heirs. If you own a business, it is also about protecting this most valuable asset. Without proper planning, issues will arise regarding who will take over leadership, whether the business should be sold, or how ownership interests will be managed. Failure to account for these crucial steps can result in the loss of the business or a loss of significant portions of its value. There ar

It started in Fred’s living room, and everyone was excited about the possibilities. Questions about type of entity, shares in the...

I am often asked…What exactly do trustees do after the grantors are no longer able to manage their trust? Well, to put it simply, a...

There's a lot of ways to do this... Understanding corporate structures is essential to optimizing strategies, managing tax obligations,...

You've started. It's working. Next steps! When first starting out, it is normal to create an LLC or a Corporation just to get the tax...

Too soon? Sometimes people will transfer title of their assets to their adult children while they are living, thinking it will make...

Which one will it be? I grew up in New England, and sailing in the Long Island Sound and along the rocky northern coast is among my...

Theresa (Terri) Marie Schindler married Michael Schiavo in 1984. When Terri’s parents moved to Florida in 1986, the couple followed. An...

Huh, what? This blog discusses the difference between chaos or unstructured asset pools and alternatively establishing highly structured...

D.I.Y. is risky The landscape of legal affairs is constantly changing and evolving. Laws are newly enacted, updated or even stricken from...

Can your company hold up? In corporate litigation, one of the most common challenges presented to legal professionals and claimants alike...

Glad that's all done! But is it? As estate planning evolves beyond the initial setup of wills and trusts, the importance of ongoing...

Camping...and Teleworking? Oh, yeah! In short, Yes! Providing high-speed internet to a rural community can have a significant positive...

I did NOT see that coming! Estate and Business Planning is not something to put off. The cost of doing the work now is nothing compared...

Hmmm... I don't like the way this is written... Third-party representation is complex and fraught with peril. The legal frameworks...

Every manager and employee deserves clarity about expectations! In today’s rapidly evolving corporate landscape, the implementation of a...