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Nina Stillman: Posted on Tuesday, November 01, 2011 1:38 PM
 "I am too young to have a will". or "Really, Me??? I don't have anything to plan for. These are the most common excuses I hear when younger people meet me and I tell them that I am an estate planning attorney. Business owners always tell me that they will take care of that when they make their money"! I have take n the liberty of adapting from a Wall Street Journal Blog an article about estate planning for all ages. "There’s a misconception that |
Attorney, Wills, Estate Planning, intestate, married, minor children, no will, single, Life Insurance, succession planning, taxes, guardians, power of attorney, Trust, aging parents, asset management
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Paul Berlin: Posted on Thursday, October 06, 2011 4:17 PM
 A formal buy sell agreement is between owners of a business to determine how the ownership of the business shall be disposed of upon the death or other circumstances of exit of one of the owners. The owners commonly use life insurance to fund the value. With two business owners, a cross purchase plan is the preferred method of ownership of the life insurance. This is where partner A owns a policy the life of on Partner B and vice versa. These policies are individually owned, and can be paid for from company money. |
Estate Planning, divorce, married, Life Insurance, tax savings, Business, Business law', business valuation, buy sell agreement, contracts, corporation, dissolution, exit strategy, financing, Limited liability, LLC, LLP, partnership, succession planning, trusted advisor
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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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Posted on Tuesday, September 06, 2011 3:00 PM
 Many people think that they do not have "enough" to have a will or do any Estate Planning. Nothing could be further from the truth. Who needs a will? Anyone who is married, single, divorced, has children, doesn't have children, owns anything, likes to donate to charity, doesn't like their siblings, you get the picture...., If you want to have a say in who gets your things and money in the event of your death, you need a will. |
Virtual Law Office, Attorney, google, Wills, Estate Planning, divorce, intestate, married, minor children, no will, single
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