Using a revocable trust — sometimes referred to as a “living trust” — is a common estate planning strategy to manage one’s assets during life and to avoid probate at death. For the trust…
1. Are there any new insurance policies or endorsements available that would protect business owners against claims made by patrons, guests, or employees alleging exposure to and/or infection of the virus at their properties?…
Some of the most effective estate planning strategies involve setting up irrevocable trusts. For a trust to be deemed irrevocable, you, the grantor, lose all incidents of ownership of the trust’s assets. In other…
On May 19, Tim Ring joined Rick Ormsby and Derek Ball of Unbridled Capital as a guest on a webinar discussing the traps and provisions of the PPP loan forgiveness program. See the presentation accompanying…
Many property insurance policies contain coverage for certain types of business interruption. Business interruption insurance usually operates as a safety net to compensate business owners for losses when their place of business must temporarily…
There are several tools you can use to build flexibility into your estate plan. Flexibility is especially important now because of an uncertain estate planning environment. The federal gift and estate tax exemption currently…
If you have outstanding loans to your children, grandchildren or other family members, consider forgiving those loans to take advantage of the current, record-high $11.58 million gift and estate tax exemption. Bear in mind that…
Forced to close their businesses or severely restrict operations as a result of the COVID-19 outbreak, financially distressed tenants of commercial properties are taking a closer look at their leases to find any potential…
Many people’s estates typically include IRAs. Be aware that two major laws passed into law recently, the Setting Every Community Up for Retirement Enhancement (SECURE) Act and the Coronavirus Aid, Relief, and Economic Security…
