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Nina Stillman: Posted on Tuesday, October 18, 2011 8:35 AM
 It is National Estate Planning Week! (ok so we had to declare it for ourselves!) What is estate planning and what are the basics you ask? Why is it important? Estate planning is a process utilizing the advice of trusted advisers to assist you with decisions about how to protect and distribute your assets(including your business if you own one) when you pass away, who should pay your bills and take care of your monetary affairs for you in the event that you are living but unable to take care of them yourself, and also who should make medical decisions for you based upon your wishes in the event that you are injured but cannot communicate your desires clearly. |
Wills, Estate Planning, minor children, Life Insurance, tax savings, Business law', business taxes, buy sell agreement, corpoation, corporation, dissolution, exit strategy, partnership, sale of business, succession planning, taxes, trusted advisor, disability, retirement, guardians, power of attorney, Charity, asset management
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Nina Stillman: Posted on Tuesday, October 11, 2011 5:44 PM
Taking care of your self, your career, your spouse, his or her career, your kids, their activities and school work, your home, your pets and being there for your friends... it can all get overwhelming. Add in a parent or other loved one who has a need for a caregiver and you can find yourself underwater. Taking care of yourself usually goes out the window first and that is actually the last thing that you want to do. You need to be healthy, physically nd emotionally so that you can help your loved one to the best of your ability. |
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Posted on Thursday, September 22, 2011 5:16 PM
 Most Americans are not in a situation of worrying about paying estate taxes upon their passing. In Minnesota you can pass your heirs, charities and special loved ones up to 1 Million dollars before ever having to pay estate taxes. The IRS allows you to pass up to another 4 Million dollars upon your death before worrying about being taxed at the Federal level. many people ask me with a smirk on their face- "Why do I need to bother with a will or estate plan? - I will never have to pay taxes". |
Attorney, Wills, Estate Planning, divorce, intestate, married, minor children, no will, single, tax savings, Revocable trust, trustee, dissolution, employment, real estate, taxes, trusted advisor, bankruptcy, disability, guardians, power of attorney, trust distributions, Uniform Gifts to Minors Act
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Nina Stillman: Posted on Tuesday, September 20, 2011 8:02 PM
 You would sound an alarm if someone walked off with half of your money or your household possessions right? If you are a business owner with partners and have not put a Buy/Sell Agreement in place you could watch part of your business walk right out the door and never know what hit you. A Buy/Sell Agreement is a must. This is an agreement between business owners that spells out the terms by which any of you are allowed to be compensated for your share of ownership of the business upon certain events occurring. |
Attorney, Estate Planning, divorce, married, Life Insurance, Business, Business law', business valuation, buy sell agreement, corporation, dissolution, exit strategy, financing, LLC, LLP, partnership, sale of business, succession planning, bankruptcy, criminal, disability, fraud, retirement
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