December 7, 2021
December: The Best Time to Give Your Business a Head Start for 2022
The end of the year is a time for organizing as many businesses meet with advisors and review the year. They look at the wins and losses from the year…
November 22, 2021
Who Will Be Affected by a Potential Tax Increase in 2022?
The proposed tax legislation is not yet passed, but if it does, it will take effect in 2022. President Biden has promised not to raise taxes on households that make…
November 12, 2021
The Estate Tax Exemption Could Be Changing in 2022: What to Know
The pending changes to estate tax and gift taxes are on the table right now. Starting January 1, 2022, your grantor trust and tax-free gift limitations may be changing. Right…
November 2, 2021
Breaking Down the 2022 Proposed Tax Changes Regarding Grantor Trust Rules
Grantor trusts are a widely used strategy in estate planning. This strategy includes transferring your assets to a trust so that all of your assets and finances do not go…
October 26, 2021
Estate Planning Basics Part 3: Advance Healthcare Directive & Beneficiary Selection
Today we are continuing our discussion about estate planning, focusing on this article and the topics of Advance Healthcare Directive and Beneficiary Selection. Many families don’t understand the importance of…
October 14, 2021
Estate Planning Basics Part 2: An In-Depth Look at Wills, Trusts, and DPOA
In our previous article about estate planning, we looked at an overview of the most critical elements everyone needs to include in their estate plan. Today, we are breaking it…
September 27, 2021
Estate Planning Basics Part 1: Estate Planning Overview
Estate planning isn’t only for the wealthy – preparing an estate plan is an essential step for people at all income levels. Anything that you own is part of your…
September 20, 2021
Business Succession Planning Checklist – The 6 Step Guide
It doesn’t matter if your small business is just starting out or if it’s been around for years – you always need to think about the future. Business succession planning…
August 26, 2021
From Family to Financials: Shoup Legal’s Top 10 Estate Planning Tips for 2021 and Beyond
Proposed legislation in Washington DC means the federal tax climate is likely to change sooner rather than later, but that’s not the only reason you should be thinking about your…
August 24, 2021
Starting a Business? Which Business Entity is Right for You?
Small businesses are the backbone of the American economy, responsible for more than 44 percent of the country’s economic activity and two-thirds of all new jobs. Starting and growing a…