With an MMLLC (see more about types of businesses and why they need operating agreements here), the Members must agree on a variety of items for the ongoing operation of the company. Many banks require the LLC to have an operating agreement to ensure the business is...
A revocable living trust adds value to your estate planning, but some of the older reasons to create a trust aren’t true today. The tax law changes of 2012 significantly reduced the need to avoid estate taxes by using trusts. For most, the non-financial reasons...
How We Work Together to Build an Estate Plan Studies show more than 70% of individuals either do not have any type of estate plan in place, or their current estate plan is old and out-of-date. This is a scary statistic because it foretells problems for families and...
Long-term care costs are a growing threat to our clients, and actually a growing threat to our overall society. Approximately every minute a new case of Alzheimer’s (a form of dementia) is diagnosed across our country, and the care costs for a typical...
Retirement accounts continue to grow as a large share of clients’ wealth. (See our previous blog post on this topic here.) As a result, it is increasingly important for clients to really understand their estate planning options for passing this growing nest egg...
Plenty has been written on how Baby Boomers may not be able to afford retirement, and while this is true for one group of retirees, there is another lurking concern for those with too many assets in their retirement accounts. For wealthier retirees the concern is:...
