My Blog
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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 Thursday, October 13, 2011 1:55 PM
 I have been blogging about business law and estate planning issues for a few months now and one client asked me " I love your posts but why do you do it? Why do you get out of bed and do this work everyday?" I realized that I have not told my story to too many people so here it is... I am the daughter of an entrepreneur/business owner who, while he may not have known it at the time, taught me so much about business and I have always wanted to do something with what I have learned from him. |
Attorney, Estate Planning, tax savings, Business, Business law', business taxes, business valuation, corporation, exit strategy, Limited liability, LLC, partnership, sale of business, succession planning, taxes, trusted advisor, retirement, Trust, compassion
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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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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 Thursday, September 15, 2011 8:03 PM
 Just like moving into a new house, starting a business can be so exciting! Getting your concept off the ground and going gets the adrenaline pumping!!! But what about the formation of your business and making sure the foundation is strong and stable? You buy homeowner's insurance to protect your new house - so why would you not get the same type of insurance policy for your new business.... yes, you would get property and casualty insurance, but your business lawyer can provide a huge amount of protection as well. |
Attorney, Business, Business law', business taxes, business valuation, buy sell agreement, compliance, contracts, copyright, corpoation, corporation, dissolution, employment, exit strategy, financing, leases, Limited liability, LLC, LLP, partnership, patent, real estate, regulations, sale of business, service mark, succession planning, taxes, trade secret, trademark, trusted advisor, vendor
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