Corporate Transparency Act Filing Requirements
Dec 01, 2023
The reporting requirements of the Corporate Transparency Act (CTA) are coming. If you own a small business, including a Limited Liability Company or LLC, then your business entity is probably must rep...
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Blind Trusts - For Those Who Don't Want to Know
Nov 24, 2023
What is a blind trust? Blind trusts are not trusts for people who cannot see, and they are not asset protection trusts. Blind trusts are primarily for politicians and government officials....
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1031 Exchange Explained
Nov 22, 2023
The 1031 Exchange enables a taxpayer to defer capital gains tax on the sale of real property held for business or investment by exchanging that property for a like-kind replacement property. After add...
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Crummey Trusts Explained
Nov 18, 2023
Crummey Trusts offer an excellent tool for passing on wealth without gift or estate taxes. Grandparents can use Crummey Trusts to pass on wealth with generation skipping transfer taxes (GSTTs). This v...
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Homestead Protections in California and Texas
Nov 16, 2023
Homeowners' Exemptions provide some relief on property taxes. Homestead protections provide some protection from creditors. These exemptions and protections vary widely from state to state. This video...
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QTIP Trusts for Spouses
Nov 14, 2023
Married couples use Qualified Terminable Interest Property Trusts or QTIP Trusts to avoid estate taxes by using the estate tax exemption and the unlimited marital deduction. QTIP Trusts also provide f...
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Trust Situs: Why a Trust's Location Matters
Nov 03, 2023
Why does a trust’s situs or location matter? The location of a trust can have huge consequences on taxes. States impose different income taxes and estate taxes on trusts. Some states allow trusts to e...
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