Business Law

What Happens When LLC Members Disagree?

What Happens When LLC Members Disagree? Every business should have a proper legal structure and bylaws or an operating agreement that sets forth the rights and responsibilities of its owners or members. While the partnership or corporation structure is better suited to some businesses, limited liability companies (LLCs) have become one of the most popular […]

Understanding Payroll

Understanding Payroll as an Employer

Understanding Payroll as an Employer Congratulations! Your business has grown and you are ready to hire your first employee. Where do you begin? What will the employee’s schedule be and how much will the employee get paid? Will your new hire be an employee or an independent contractor—and what is the difference? Did the employee […]

The Importance of a Successor Trustee

The Importance of a Successor Trustee

The Importance of a Successor Trustee An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your own affairs. As opposed to other estate planning options, a revocable living trust gives you the […]

Business Law

Five Reasons Business Owners Need Estate Plans

Five Reasons Business Owners Need Estate Plans Business owners are notorious for engrossing themselves in the day-to-day management and functions of their businesses. As a business owner, you are likely the heart and soul of the company you lead. Your clients love you, and you have built unique relationships with your contractors and suppliers. Suppose, […]

Estate Planning

You Inherited a Retirement Account: Now What?

You Inherited a Retirement Account: Now What? For decades, common financial planning wisdom has encouraged almost all-American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially tax-free, and, in most states, protect your savings from claims […]

Estate Planning

Choosing a Corporate Trustee

Choosing a Corporate Trustee Making plans for your money and property after you pass away is not the most exciting thing to do. It involves thinking about situations that may cause feelings of fear and uncertainty. Nevertheless, it is essential to face those decisions head-on. You must determine what people, things, and values matter most […]

Estate Planning - Wealth Transfer Strategies to Consider in an Election Year

Wealth Transfer Strategies to Consider in an Election Year

Wealth Transfer Strategies to Consider in an Election Year With a push by the Democratic party to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58 million per taxpayer. […]

Estate Planning - 3 Reasons We Run the Other Way

3 Reasons We Run the Other Way

3 Reasons We Run the Other Way It can be hard to get motivated about your estate planning; it sounds about as fun as getting a root canal. However, you also probably want to make sure that your loved ones are protected and receive your hard-earned money and property – regardless of whether you have […]

Traditions Law

“Incorporating timeless values and the experiences of the past to reach the best possible outcomes for our clients today and in the future.”