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Latest Blog Posts

10 Essential Questions to Ask Before Selecting a Business Entity

Posted on: February 12th, 2015
If you are starting a new company or have an unincorporated entity that has grown to the point where protection of your personal assets may be desired, the selection of the proper business entity can be critical to the future success of your business. There are 10 essential questions you need to ask as part of the decision-making process before making your selection....

Reasons to Establish a Trust (and Being Rich Isn’t One of Them)

Posted on: February 12th, 2015
When you hear the words, “trust fund,” do you conjure up images of stately mansions and party yachts? A trust fund - or trust - is actually a great estate planning tool for many people with a wide range of incomes who want to accomplish a specific purpose with their money....

No One "Feeling Good" About James Brown Estate Battle

Posted on: February 6th, 2015
James Brown was known for his signature song, “I Feel Good,” but no one is feeling good about the battle that is still being waged over his estate almost a decade after his death in 2006. The majority of Brown’s estate – estimated to be in the tens of millions of dollars – was distributed via his will to the I Feel Good Trust to provide scholarships to underprivileged children in South Carolina and Georgia. None of those estate proceeds have been distributed to date, due to ongoing litigation between Brown’s fourth wife, Tomi Rae Hynie, his seven children and the trust....

Does Your Revocable Living Trust Reduce Your Estate Tax Bill?

Posted on: September 18th, 2014
Many people believe that once they set up and fund a revocable living trust, property held in the trust will avoid estate taxes after they die. In reality, this may or may not be true depending on your choice of beneficiaries and the terms written into your trust agreement....

U.S. Supreme Court Rules Inherited IRAs are Not Protected from Creditors

Posted on: August 31st, 2014
On June 12, 2014, the U.S. Supreme Court--in a unanimous decision--ruled that Individual Retirement Accounts (IRAs) inherited by anyone other than a spouse are not retirement funds and therefore are not protected from the beneficiary's creditors in bankruptcy....
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