19th March 2010
There are several reasons for business owners to enter into buy-sell agreements with their partners or co-shareholders: (1) to create a market for the owner’s business interest at certain triggering events such as death, disability or retirement; (2) to...
18th March 2010
Planning your estate is something that will eventually touch every part of your life, so you will be discussing everything with your attorney. They'll need to know about medical conditions, family issues, business, insurance, finance and more.
It can ...
17th March 2010
When setting up a new business, arm yourself with all the facts before deciding what form of entity to choose. Because, whichever entity you choose for your business will have financial, legal and tax implications.
Business owners often narrow their ...
15th March 2010
It is a legal document that can, in some cases, partially substitute for a will. With a revocable living trust (also known as a revocable inter vivos trust or grantor trust), your assets are put into the trust, administered for your benefit during your li...
15th March 2010
Probate is a court-supervised process for transferring a deceased person’s assets to the beneficiaries listed in his or her will.Typically, the executor named in your will would start the process after your death by filing a petition in ...
14th January 2010
Are your children going to be surprised after your passing by what they do or do not inherit? Perhaps it is time to sit down and have an honest discussion about the terms of your will.
This issue comes to light on the heels of a case that was tried in ...
07th January 2010
Estate planning is something you need to take care of before you die, so that you can help your loved ones as much as possible. This will require a number of steps that establish what needs to happen after you are gone.
One unfortunate fact of life is th...
05th January 2010
Wills and Estate Planning for Vascular Surgeons
Where there’s No Will
If you do not write a Will, the State has already written one for you. Your assets go to whoever a state law says receives the assets, or to the government itself! A Will ...
16th December 2009
In some television comedy shows, they have someone, typically the man of the house, who won't make a will or estate plan because he doesn't want to think about death. This might be hilarious when you see it on television; however this can be very bad in r...
09th December 2009
Up until 2010, property owned by a decedent at the time of death of his death had its tax basis changed from what the decedent's basis was to its fair market value - whichever was higher. For the year 2010 - and only that year - the law has been changed t...
26th November 2009
Copyright (c) 2009 Tom Wheelwright
Estate planning is a task that commonly gets pushed to the back burner. Why? The reason I hear most often is not a good one because it's based on a terrible misconception.
Here is the terrible misconception:
I...
09th November 2009
Unpredictable future is the way of life. Unforeseen risks lark in the wing taking the toll of victim's life and resources. Finding adequate protection against unforeseen risks is one of the tasks that could be achieved by perfecting estate planning.
U...
09th November 2009
Perhaps the most important part of the estate planning is creating a plan. At the same time the other most important aspect of such planning is efficient execution. Both require careful and dedicated efforts to be successful.
Once the process of asses...
09th November 2009
Thinking of avoiding estate planning could well turn out to be a daydream. Government would interfere and complete the process for those who won't complete the process in their private capacities. Downside of it is that the Government Process would be hig...
05th May 2009
You no longer have a need for a court Executor to manage your assets for people whom you’ve already named as recipients to your assets. After-death distributions under a living trust are usually implemented privately, and avoid probate. This works becau...
