Nevada has recently instituted a new tax referred to as the commerce tax. This tax is calculated on any gross receipts higher than $4 million at a rate classified by your NAIC code from the fiscal period of July 1st to June 30th of every year. 2016 is the first year for this tax return […]

 If you’re thinking about passing on parts of your estate to your beneficiaries, this is certainly a worthwhile goal but it’s one that should be considered carefully. Leaving gifts outright can lead to problems. For example, some of the most common issues associated with leaving assets to your beneficiaries directly include: The trustee of any […]

Most people are aware of the benefits of saving for retirement, or even setting up a meeting with an estate planning attorney. But what about unexpected emergencies like critical illness? Costly medical bills, the need to provide financial security for any surviving family members and the costs associated with home care and hospitalization can be […]

Everyone can benefit from estate planning, but this is especially true for adult children who find themselves sandwiched between caring for their own young children and helping aging parents. According to research from the Associated Press, nearly 10% of adults aged 40 or older are currently supporting at least one of their own children while […]

Most people will benefit from having the basic estate planning document known as a simple will. It might seem like it’s too overwhelming of a process or that you don’t need this, but everyone can benefit from putting their thoughts into a will. Setting up a meeting with an estate planning attorney can help you […]

The death of a close friend or a family member can rock your world in big ways. There are many different legal matters that need to be addressed as soon as possible after a loved one passes away. Although this can be an overwhelming time, understanding the steps to take can be important. First of […]

There are several different questions that you need to ask in order to ensure that you have protected yourself against risks and engaged in proper planning.  Do All Owners of the Business Have an Updated Buy-Sell Agreement? A buy-sell agreement determines what happens to ownership interests and the business if they need to be transferred […]

Unfortunately, far too many individuals avoid the process of business succession planning, figuring that they will deal with it at some point in the future. Unfortunately, as many business owners can attest, there are numerous reasons why someone may need to depart a business suddenly. These include disability, death, retirement and other issues. Without having […]

Even if you have not yet completed these documents, you probably have heard the terms “will” and “power of attorney” before. From that point, however, a lot of people fall for some common myths about these critical estate planning documents. Get the details on what you really need to know below. First of all, a […]

Too many people make the mistake of assuming that you only need estate planning after you have accumulated significant resources or when you have children. Everyone at all ages, however, can benefit from estate planning. This is true even for single individuals and unmarried couples. Estate planning is about more than putting together your will […]