Why Insurance May Not Protect You
Bill White lent his car to his son’s friend Aaron. It was late when Aaron’s car had broken down so Mr. White gave Aaron permission to drive their family car to his house, park it for the night, and return it the next day. When Bill awoke the next morning, he found that…
Four Reasons Why You Should Consider Having a Living Trust
A Living Trust provides the estate with a private and formal distribution of assets to your heirs upon death and can help your family/heirs avoid all the problems caused by probate. What’s so bad about probate and why should you consider having a Living Trust? 1. Going through probate can be very expensive…
How Strong is Your Single-Member LLC?
Over the past decade, single-owner (or single-member) Limited Liability Companies (SMLLCs) have received much acclaim as the “entity of choice” for small businesses. They have the advantages of being taxed as a Sole Proprietorship, yet offering Corporate Veil protection for the owner. Used to operate a small business, they can be wonderful tools….
If LLCs are so safe, why do I need more than one to protect my assets?
If LLCs are so safe, why do I need more than one to protect my assets? LLCs and Family Limited Partnerships (FLPs) can be wonderful legal tools for protecting assets from outside creditors. If you do something wrong (or are accused of doing something wrong) and a judgment or lien is placed against…
Holiday Survival Guide: How to Get Through the Holidays With No Regrets
Let’s face it: it is hard to stick to a healthy eating and exercise plan during the holidays. Everywhere we turn there are tempting foods and drinks-from treats at office parties to our own traditional family favorites. When you add in a busy schedule filled with shopping and get-togethers that make it tough…
5 Most Common Mistakes Real Estate Investors are Probably Making
Tax Attorney Scott M. Estill Protecting your assets is one of the most important things a real estate investor can do. And ready-made options don’t work. Asset protection really does keep you and your investments safe, so you can’t ignore the threat. In our law and tax practice, here are the five most…
The Power Of Compounding Interest With Self-Directed IRAs
Roth IRA accounts are something special. Remember when your grandparents would tell you to take a coffee can and put all of your spare change into it? Before long, your money would grow. An IRA is very much the same; it grows year after year. To show you the simple, quiet power of compounding interest, I…
What Kind Of Alternative Investments Are Offered?
If you’re thinking of investing, you need to do your homework. Of course, that’s a given when it comes to investing- no one is going to pour their hard-earned money into something that isn’t safe. Investing always carries a certain degree of risk. It’s your job to reduce the risk as much as you can. This is…
How Rental Property Can Help Your Retirement Account
Property purchases that turn into income properties are some of the most well-known and lucrative ways to retire. Indeed, the very thought puts stars in some people’s eyes thinking about it. However, putting theory into action is a very different story. Rental property can help your retirement account in several ways. For example,…
Tenants-in-Common Triple Net-Lease in your IRA. Why it makes sense.
Real estate is the most popular asset class of self-directed IRA investors. Diversification among asset classes should be the driving factor in placing a fair percentage in your overall portfolio. Some like it for the hedge against inflation. Others like the idea of having/owning something tangible, that they understand, and that they are…