Paul Hitchcock

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Are you adequately protecting your digital assets?

What is a digital asset anyway? Basically it is anything that is stored in binary format that comes with the right to use. Still unclear? Think about …

Multimedia

Glen Campbell Family Feud: Dementia Divides Many Clans

The feud that's split Glen Campbell’s loved ones amid his decline from Alzheimer’s disease strikes a chord with other U.S. families as dementia diagnoses fuel similar money spats and jealousies, leaving lasting wounds, experts say.<p>Last week, two of the Rhinestone Cowboy’s eight children from a …

Alzheimer's Disease

5 Reasons Why an LLC is the Right Structure for Your Startup | Inc.com

Despite the lingering effects of the Great Recession, people are more optimistic about the general business climate in the country, even though much of the wealth being generated hasn't spread to the nation's poor or middle class. Despite that, over 27 percent of those polled think that economic …

Small Business

Don’t make the No. 1 estate-planning goof

This article is reprinted by permission from NextAvenue.org.<p>You may have made a giant estate planning mistake without even knowing it — forgetting to …

Retirement

Estate Planning For The 99%

<i>Editor’s note: This story was updated on 1/2/2015.</i><p>Lawyers and wealth managers who specialize in passing assets to the next generation love to brag about their ultra high net worth clients. But privately they admit that many (or most) of those who seek their help with wills and trusts don’t fall in …

TREASURY AND IRS: All Gay Marriages Will Be Recognized For Federal Tax Purposes

The announcement means that even if a gay couple resides in a state that does not recognize gay marriage, they will be recognized under federal law as long as they were married in a state that does.<p>It comes about two months after the Supreme Court's historic ruling overturning the Defense of …

LGBTQI

The Hidden Costs of Settling an Estate

It seems like it should be so easy. A loved one dies, you go to the reading of the will and the closing of an estate is complete.<p>That's how the …

Living Wills and Advance Health Care Directives

<i>(HelpGuide.com)</i> Although death is an inevitable part of life, many of us are reluctant to face the fact that we’re not going to live forever and plan …

What Is Estate Planning?

Estate planning is a requirement for the affluent (and everyone else) who want to make certain that their families and loved ones are provided for adequately. Its essential for the affluent who wish to control the disposition of their assets after their death, and to minimize the tax bite imposed …

Documents that Should be Part of Everyone's Estate Plans

Planning for your own death is uncomfortable, but being prepared can prevent heartache and financial distress for loved ones and heirs.<p>"The primary …

The New New York Estate Tax Beware A 164% Marginal Rate

It’s no April Fool’s joke. New York state doubled its estate tax exemption as of today. And it’s set to rise gradually through 2019—if you hang on that long–to eventually match the generous federal exemption, projected to be $5.9 million by then. That will sure make planning much easier for a lot …

Wills, Trusts & Estates Prof Blog

Fo r individuals creating trust and estate plans with the intent for their children to inherit in their 40s and 50s, longer life expectancy can add …

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Privacy Policy <i>(Updated: October 8, 2015)</i>:<p>hide<p>JD Supra provides users with access to its legal industry publishing services (the "Service") through …

Estate-Planning Essentials for Single People

It Can Be More Complex Than for Married Couples<p>My recent columns on estate planning for couples with and without children prompted single readers to ask for equal time.<p>As well they should. Their ranks are steadily growing. In 1970, slightly more than a third of Americans age 15 and older were …

Retirement

Control Freaks Take Heart: How To Maintain Control Of Your Business

Years ago I was working with the advisor team for a multi-generation family business. In reviewing some estate planning documents, I discovered that the fourth generation (at the time, children and young adults) not third generation (the three brothers that ran the business) were actually the …

How to Keep Your Family From Fighting Over Your Assets

A couple of months ago I wrote about the three major estate planning goals our clients invariably seek to achieve. And recently we took a close look at maintaining control over assets and decisions.<p>This time we’ll look at an arguably even more important goal: maintaining family unity.<p>All parents …

Credit, Investing, Real Estate, Tax and Personal Finance Information

Small Children and Estate Plans

There is no better reason to have an estate plan in place than for the well being of your young children. Often, young parents avoid estate planning …

Estate Planning For The Rest Of Us

When you hear the term “estate planning” what do you think of? If you’re like many people, the words bring up images of wealthy, older individuals with yachts, mansions, and high-priced attorneys. But estate planning is really something we all need, no matter our age or level of wealth. After all, …

Seven Reasons To Tell Your Kids What They Will (Or Won't) Inherit

For many people, estate planning is both a private matter and a morbid topic – not something that parents want to discuss with their adult children. While having such conversations takes a lot of courage, families that speak freely about these delicate issues can avoid problems down the …

Come Out, Come Out: The Tim Cook Moment Is Here

It's nice to finally be able to say hello to the entire man.<p>Looking back, I guess we in the media might have asked Apple CEO Tim Cook if he were gay.<p>Me especially, since I <i>am</i> gay. And, like many, I had heard all the assumptions about the self-effacing exec’s sexual orientation, even though he and I …

Scenarios and Strategies in Retail Asset Protection and Recovery | RL Magazine | Reverse Logistics Association

Asset Protection: Business Owners Beware!

I’ve noticed a significant increase in asset protection questions from business owners. Perhaps it’s because many owners are emerging from the Great Recession and want to make sure they are protected from any future downturns. Or, maybe it’s because advocates are out promoting the latest and …

Strategies to Strengthen LLC Asset Protection

If you decide to form a <b>Limited Liability Company</b> (LLC), one primary concern is <b>liability protection</b> for your personal assets from your LLC’s creditors …

Albright Relief Applied To Personal Services LLC In Re Cleveland

Charles and Ellerie Cleveland (“Debtors”) had two Nevada LLCs. From PFG Advisors, LLC, the Debtors ran their insurance agency. That company leased the office building from the Debtors’ other company, PFG Properties, LLC, which owned the building. The Debtors owned 100% and were the managers of each …

The Insurance professionals only source for News

An interview with Jeffrey Pfeffer There’s a big difference between what leaders say they do and what they actually do. Jeffrey Pfeffer, author of …

Business succession planning involves risk, tricky family dynamics

September 29, 2014<p>NORTH BAY -- A business owner who nears retirement and wants to sell the company may not realize how complicated the transition can …

Portability and Married Couples: No Downside?

As a married couple, you need to know that portability laws and the opportunities that they create have significantly increased. No longer is the …