Transactions often lead to debts owed to individuals, whether it’s lending money to a friend, conducting business deals, or leasing property. But what happens when the person to whom the money is owed passes away before they can collect? Can someone else step in to recover these outstanding debts? If you’re grappling with the passing […]

Small businesses, typically employing fewer than 50 individuals, aren’t legally obligated to offer employee health insurance. However, providing health coverage is a highly sought-after job benefit. In fact, about two-thirds of business owners use health insurance as an attractive tool to recruit and retain top talent. Whether health insurance for employees is mandated by law

The global online marketplace, Etsy, has swiftly transformed from a niche craft platform to a colossal commerce hub. With millions of active sellers worldwide, many of whom are based in the United States, Etsy has become a substantial income source for numerous individuals. However, whether your Etsy store is your primary business or a supplementary

For individuals with substantial wealth, the joy of sharing the rewards of hard work with loved ones can be tempered by concerns about potential gift and estate tax implications. High net worth clients can navigate this complex landscape through strategic estate planning. This involves utilizing specialized trusts that allow wealth sharing while minimizing tax burdens.

Incorporating payable-on-death (POD) or transfer-on-death (TOD) designations into your financial accounts can offer a convenient way to pass on your assets to chosen beneficiaries after your passing. Much like trusts, POD and TOD accounts bypass probate, offering a swift and cost-effective transfer process. However, these designations come with certain limitations when compared to traditional trusts.

Embarking on your retirement journey is a remarkable accomplishment, signifying the transition from years of labor to a phase of newfound freedom. Yet, before fully embracing this exciting period, it’s crucial to consider the multifaceted landscape of both retirement and estate planning. This holistic approach ensures a smooth transition into retirement while safeguarding your and

Experiencing bankruptcy can be a challenging and stressful ordeal. As you begin to rebuild your financial life after the process, it is essential to take steps to safeguard your remaining assets and secure a stable future for yourself and your loved ones. One effective way to achieve this is through estate planning, which serves as

Receiving an inheritance can be both a bittersweet and life-changing event. While it signifies the passing of a loved one, it also presents potential challenges and opportunities related to the assets or property you are inheriting. As you face the decision of whether to accept the inheritance or not, there are several crucial factors to

Estate planning is a vital process to ensure the smooth transfer of your assets to your loved ones after your passing. While it’s crucial to have comprehensive estate planning documents, there are certain pieces of information that should never be included. In this blog, we will highlight three important items to avoid including in your

Being self-employed comes with a unique set of challenges and responsibilities. As the owner and often the sole employee of your business, it’s crucial to address key concerns to protect your financial future, safeguard your business endeavors, and limit personal liability. By working with an experienced estate planning team, you can develop a comprehensive plan