As I noted in a prior article, states are all over the board on their income taxation. An individual in a state with a high state tax rate could use a nongrantor trust to hold some of their income-producing assets and thereby avoid state income taxation on the income from those assets. Briefly, trusts may […]
For a long time, word of mouth was the original reputation maker or breaker. If you live by the opinions of others like I do when it comes to selecting a new restaurant, service provider, or product – online reviews are the today’s word of mouth. According to a 2013 ZenDesk survey, 90% of Customer […]
In this article, I’ll explain state income taxation in general. In the next article, I’ll look at how states tax trusts in particular. Everyone knows (or should know) that the federal government taxes the income you earn. But, depending where you live and how you earn money, states may tax your income, too. States run […]
You’ve worked hard to establish your practice; If you’re anything like our Academy Members, you have vigorously studied your area of law, accumulated valuable experience, and are on the path to creating a lasting legacy through your dedication to helping clients and investing in your firm. Maybe you’ve done some marketing and made efforts to […]
Often, the smallest things have the most sentimental value. Your grandmother’s silverware or your grandfather’s railroad watch could connect you to them in a special way. Your mother’s ring or your father’s Boyscout bugle could hold a special place in your heart. Your sports memorabilia could connect you to one of your children in a […]
On January 23rd at 12pm PT / 3pm ET we’re having a free webinar featuring Academy Members from around the country! This webinar is hosted by Ohio Estate Planning Attorney Jack Alpern, and Co-Founders of the American Academy of Estate Planning Attorneys, Robert Armstrong and Sanford Fisch. We’re inviting non-Member motivated entrepreneurial attorneys who are […]
Seventeen states now allow for self-settled Domestic Asset Protection Trusts (“DAPTs”). Those states are Alaska, Delaware, Hawaii, Michigan, Mississippi, Missouri, Nevada, New Hampshire, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Virginia, West Virginia, and Wyoming. What is a DAPT? The trust is domestic rather than international. In other words, it’s set up in the […]
Online searches are becoming more and more localized with each passing year. In fact, 46% of all Google searches are now local. With over 3.5 billion total searches per day, that translates into a lot of local consumers. Many of those represent prospects right in your own community looking for the very services you offer. […]
The Tax Cuts and Jobs Act increased the standard deduction to $12,000 per person and $24,000 per couple (for 2018 and inflation-adjusted thereafter). This was great news for those who don’t itemize their deductions. However, for those itemizing deductions, there was some bad news in the new law, too. The law included a cap of […]
The new year is officially upon us. This means that it’s time for companies to reflect on the goals that were set early on in the year and determine whether these goals have helped drive operational excellence by engaging and encouraging the efforts of individual employees. When we think about performance-driven companies, these are a […]
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!