A Secret Agent may be very important to protecting the nation. Your Agent is just as important for your protection. An Agent is the person who makes financial decisions for you under a Financial Power of Attorney or makes medical decisions for you under a Health Care Power of Attorney. The Agent under your Financial […]
As 2018 comes to an end, it’s easy to feel overwhelmed and experience extra levels of stress. Not only do you need to close out items at the office, but you’re likely bustling from one holiday party to the next and you may have more obligations on your social calendar than other months. Knowing this […]
A prior blog discussed the taxation of trusts generally and that they could be taxed as either grantor trusts or nongrantor trusts. This blog will focus on the advantages and disadvantages of taxation as a nongrantor trust. Unlike a grantor trust, which is taxed to the grantor, a nongrantor trust is taxed as its own […]
The Holidays are officially upon us! With all the additional food and fun, comes increased time spent around friends, family and people in general. Although we look forward to sharing quality moments with those we care about, some interactions may at times be a bit overwhelming. Whether it’s the mother-in-law who is less than subtle […]
A prior blog discussed the taxation of trusts generally and that they could be taxed as grantor trusts or nongrantor trusts. This blog will focus on the advantages and disadvantages of taxation as a grantor trust. A grantor trust is one that is taxed to the grantor (or other substantial owner) pursuant to the rules […]
We are in the business of transforming lives here at the Academy. Although this phrase is very specific, it is also vague. Generally speaking, lives can be transformed in a multitude of ways. One thing is certain though, transformation happens almost daily and on varying levels of the spectrum. When I first heard “transforming lives,” […]
Each person has a permanent exclusion amount of $5 million which they can give during life or at death. That amount is inflation adjusted. The Tax Cuts and Jobs Act doubled that exclusion for years 2018 through 2025. In 2018, the inflation adjusted, temporarily doubled, exclusion is $11.18 million. Shortly after passage, questions arose regarding […]
We all know that time is precious. It’s our most valuable resource and we have full control of how we spend it. Using this logic, if going to bed is a function of time, then sleep is also precious…it’s just that most of us don’t think of it this way. Moderate sleep deprivation has the […]
As we gather around the Thanksgiving table, we see the faces of our loved ones and we contemplate how grateful we are for them and for all our blessings. “We must find the time to stop and thank the people who make a difference in our lives.” – John F. Kennedy, 35th President of the […]
People have increasingly shorter attention spans and are looking for instant responses to their questions. In today’s environment of immediate gratification, offering a live chat feature on your website may be the deciding factor in whether or not you connect with your prospects and retain them as clients. Implementing Live Chat software on your law […]
Trying to grow a business, care for clients and keep up with industry changes can be impossibly overwhelming. Ask us for some free information on how we can help!
