
Protecting Your Privacy: Understanding Nominee Services for Business Owners
As a business owner, if you want to keep your personal information private and out of the public record, there’s a solution that many business

Obtaining A Power Of Attorney For Elderly Parents
Making important decisions for aging parents can be a challenging task. Power of attorney (POA) enables individuals to make crucial decisions on behalf of their

Understanding The Difference Between A Cash Flow Statement And A Profit And Loss Statement
To run a business successfully, it is necessary to create various financial documents, including cash flow and profit and loss (P&L) statements. Doing this enables

Your Rights As The Parent Of A Young Adult
As a parent, you may be accustomed to managing your children’s legal and medical affairs, as circumstances require. If your child requires urgent medical attention

Leave Your Kids A Nest Egg Protected From Lawsuits, Divorce, and Estate Taxes
If you have a current estate plan that distributes your assets outright to your kids – whether all at once at a certain age or

11 Elements of a Solid Client Contract
Client contracts, or agreements, refer to legal agreements between businesses and consumers. They help establish expectations for the individuals who use a business’s products or

4 Reasons Why a Cheap Estate Plan Won’t Work For Your Family
Most people, regardless of stature and wealth, likely do not know how to evaluate estimates when shopping for an estate plan. Shopping for an estate

4 Tools to Create a Business Legacy
If you dream of one day retiring from your business, selling it, or leaving your company to your family, there are essential planning steps to

4 Foundational Asset Protection Vehicles For Business Owners
Regardless of the industry you are in, the reality of being a business owner is that you open yourself up to a number of unique

Think You Are Too Young to Need An Estate Plan? Think Again!
Even though young adults are traditionally the least likely to engage in estate planning, all adults over age 18 should have some basic estate planning

5 Ways to Shield Your Personal Assets From Your Business Liabilities
One of the main reasons to structure your business as a corporation or limited liability company (LLC) is to shield your personal assets from debts

Before You Agree to Be a Trustee, Read This!
Being asked by a loved one to serve as Trustee for their Trust upon their death can be quite an honor, but it’s also a

4 Common Mistakes Made On Life Insurance Beneficiary Designations
Investing in life insurance is a foundational part of estate planning, and when done right it’s a primary way to say “I love you” to

The Benefits Of Employing Your Kids
Paying your children—whether they’re tweens, teens, or young adults—to work for your company is one of the greatest advantages of running a family business. By

5 Tips For Creating A Business Plan That Works
Far too many aspiring entrepreneurs jump-start their businesses without taking the time to plan properly. Just as a builder uses a blueprint to ensure a

Which Type of Trust Is Right For You?
You’ve probably heard you need a trust to keep your family out of court and maybe out of conflict in the event of your death

It’s All Fun And Games Until Someone Wants Out
Why Your LLC Agreement Must Be Customized To Consider The End (Even Before You Launch) Starting a business is exciting, but it can quickly become

Why Every Adult Needs A Living Will
When it comes to estate planning and wills, you have a variety of options for legal documents. The most common of these options is a

What Happens To Your Debt When You Die?
Perhaps you’ve wondered about what happens to your own debt (or your parent’s debt) when you (or they) die? Short answer[1]: it does not disappear;

Who Should Own Your Business Entity?
If you’ve decided to incorporate your business or review the type of entity you already have in place, it’s essential to not only choose the

How A Nominee Can Protect Your Privacy
As a business owner, you may want to keep your identity private and out of the public record. To do this, we recommend using the

3 Red Flags When Creating Your Will Online
You can find dozens of websites that let you prepare a variety of estate planning documents all on your own, for little to no cost,

Estate Planning For A Child With Special Needs
Estate planning is an obvious concern for all parents, but if you have a child with special needs, it’s crucial that you are aware of

Five Tips for Monetizing Your Company’s Online Presence
In today’s digital-everything world, nearly every business—no matter how small—has some online presence. From websites and social media to e-newsletters and mobile apps, it’s virtually

Green Funerals: 6 Eco-Friendly Options For Your Remains
The environmental costs of death are significant and constantly rising. With the death rate expected to spike as Baby Boomers age, the funeral industry is

4 Actions To Take If Your Business Is Facing A Lawsuit
If your business gets hit with a lawsuit, it can be a traumatic and costly experience. Unfortunately, in today’s highly litigious society, lawsuits are far-too

Are You Ready for the Silver Tsunami?
Whether it’s called “The Great Wealth Transfer,” “The Silver Tsunami,” or some other catchy sounding name, it’s a fact that a tremendous amount of wealth

3 Vital But Often-Overlooked Metrics All Businesses Should Track
You are most likely monitoring several key performance indicators to determine how well your company is doing. Whether related to your finances, advertising, employee turnover,

Now Is Your Last Chance To Save On Your 2021 Taxes
When you first realize that your biggest personal and business expense—bar none—is taxes, it can come as quite a shock. Seeing so much of your

4 Essential Legal Agreements No Business Should Be Without
When starting a new business, putting the right legal agreements in place is crucial for protecting your assets and relationships. Yet far too many new

4 Year-End Tax-Saving Strategies For 2022
Although the end of the year can be a hectic time, it’s also the deadline for your family to implement a number of key tax-savings

4 Strategies To Turn Your Side Hustle Into A Booming Business
Whether you are starting your very first company or you are an established business owner looking to develop a new income stream, creating a side

How An Estate Plan Can Help Your Family Navigate A Recession
As you’ve surely heard by now, we’re in the midst of great economic shifts. The collapse of the crypto market, the roller coaster that is

Don’t Forget to Protect Your Furry Family: Estate Planning for Your Pets
Many pets end up in shelters after their owner dies or becomes incapacitated. In fact, the Humane Society estimates that between 100,00 to 500,000 pets

How to Maximize Your Start-Up Cost Deductions
Coming up with a solid concept for a new business and working to get your operation off the ground can be an expensive undertaking. But

7 Questions To Consider When Purchasing Disability Insurance
If you earn a good living now, but you worry about not having enough money for a future time when you cannot work due to

How Your Choice of Business Entity Affects Your Tax Obligations—Part 2
Along with personal liability protection, record-keeping requirements, and how you plan to finance your operation, one of the main factors to consider when choosing an

How To Manage Your Digital Accounts After Your Death—Part 3
If you have preferences about what happens to your digital footprint after your death, you need to take action. Otherwise, your online legacy will be

How Your Choice Of Business Entity Affects Your Tax Obligations—Part 1
Along with personal liability protection, record-keeping requirements, and how you plan to finance your operation, one of the main factors to consider when choosing an

How To Manage Your Digital Accounts After Your Death—Part 2
If you have any online accounts, such as Gmail, Facebook, Instagram, LinkedIn, Apple, or Amazon, you have a digital legacy, and that legacy is yours

10 Pitfalls To Avoid With Your Company’s Legal Agreements—Part 1
Last week, in part one, we covered the first five of ten pitfalls that can put your company in serious jeopardy if you take the

How To Manage Your Digital Accounts After Your Death — Part 1
If you have preferences about what happens to your digital footprint after your death, you need to take action. Otherwise, your online legacy will be

10 Pitfalls To Avoid With Your Company’s Legal Agreements—Part 1
Agreements are the heart of your business. Your entire business is one vast series of agreements: agreements with investors and lenders, clients and vendors, employees

Disability Insurance: What You Should Know
If you must work in order to earn your income, you need to have disability insurance. That said, purchasing such insurance is a “buyer beware”

Protect Your Aging Loved Ones From Undue Influence
Following the death of a loved one, close family members are sometimes surprised to learn that they didn’t receive the inheritance they were expecting. Instead,

What Your Last Will & Testament Will (And Will Not) Do—Part 2
August is National Make-A-Will Month! With this in mind, this series discusses exactly what having a will in place will—and will not—do for you and

Debunking 4 Popular Myths About Business Entities
Setting up the right legal structure for your business may seem like a boring detail that you don’t need to spend much time on. In

What Your Last Will & Testament Will (And Will Not) Do—Part 1
August is “National Make-A-Will Month,” and if you have already prepared your will, congratulations—too few Americans have taken this key…

5 Best Practices For Safeguarding Your Business From Wrongful Termination Lawsuits
While you may think of your team as family and believe that they would never sue you, lawsuits filed by employees are actually one of the…

3 Critical Considerations For How To Save For Your Child’s (or Grandchild’s) College Education—Part 1
If you are looking to save for your loved ones’ education—whether that education is college or some other form of learning—it’s worth…

Is It Time To Update Your Company’s Insurance? 5 Events That Necessitate A Review Of Your Coverage
Establishing the right types and amounts of business insurance is a key part of your company’s LIFT risk-mitigation and asset-protection…

Everything You Need to Know About Including Digital Assets In Your Estate Plan —Part 2
Recent advances in digital technology have made many aspects of our lives exponentially easier and more convenient. But at the same time, digital technology has

3 Critical Considerations For How To Save For Your Child’s (or Grandchild’s) College Education—Part
If you have started to save for your child or grandchild’s college education, it’s worth considering whether to use a 529 plan, an…

How Using The Right Legal Agreements Can Safeguard Your Intellectual Property
Using independent contractors (ICs) can give your company an edge in today’s thriving gig economy, but if you are not careful,…

4 Essential Strategies For Protecting Your Family’s Assets
You might think that only the super wealthy need to worry about asset protection planning. The truth is, those without millions may be at…

How to Separate Yourself From Your Business—And Why It’s So Important
When you run your own business, oftentimes one of the most confusing aspects of the job -especially if you are new to the experience – is…

Britney Spears’ Nightmare Conservatorship Underscores The Vital Importance Of Incapacity Planning—2
Since the age of 16, when she burst onto the charts with her debut single, “…Hit Me Baby One More Time,” Britney Spears has been

How Estate Planning and Empathy Can Reduce The High Cost Of Dying—Part 2
Last week, in part one of this series, we discussed some of the Cost Of Dying’s most notable findings and explained how proactive estate…

What Happens To Your Business When You Get Sick or Die? 4 Fundamentals To Know
If you dream of one day leaving your company to your family, but you haven’t properly included your business in your estate plan, that…

How to Maximize Your Start-up Cost Deductions
Coming up with a solid concept for a new business and working to get your operation off the ground can be an expensive undertaking. But…

How Estate Planning and Empathy Can Reduce The High Cost Of Dying—Part 1
Prior to the pandemic, very few among us are properly prepared for the death of a loved one, or our own. Some in the end-of-life industry…

5 Common Estate Planning Concerns For Remarriage
With divorce occurring in roughly 50% of all marriages in the U.S., and life expectancy increasing every day, second—and even…

What You Need to Know About Collecting Life Insurance Proceeds
What You Need to Know About Collecting Life Insurance Proceeds If you’re looking to collect life insurance proceeds as the policy’s…

3 Solutions For Managing The Top Stressors Of Business Ownership
There are numerous advantages to running your own business: being your own boss, setting your own hours, and the ability to decide who…

Essential Strategies For Any New Business
Starting a new business can be daunting. With all the advice and websites out there devoted to the topic, it’s hard to know which advice…

How To Be An Effective Trustee
If a family member or friend has asked you to serve as trustee for their trust either during their life or upon their death, it’s a big…

How To Establish Healthy Boundaries With Clients
Do you feel obligated to check work emails, texts, and voicemails at all hours? It’s easy for hardworking business owners to get caught…

Heirloom Handoff: How to Pass On Family Treasures With Ease
When creating an estate plan, people are often only concerned with passing on the “big things” like real estate, bank accounts, and…

6 Common Mistakes When DIYing Legal Agreements
Contracts are an essential element of effective business management and success. Savvy business owners recognize the value of contracts…

3 Essential Documents Your New Grad Needs
It’s graduation season! With so much going on with your high school grad getting ready to leave home to attend college or pursue other life

Navigating Small Claims Court
As a business owner, it’s nearly impossible to remain unscathed from conflicts and disputes. You’re bound to run into an issue sometime or another because

Key Milestones For Planning Your Retirement
The road to retirement is a long one, and as with any journey, it helps to have a few key milestones along the way to

5 Tips To Reduce Your Company’s Expenses
Every dollar counts when running a business, so it’s critical to keep a tight rein on your expenses. If not monitored carefully, spending can quickly

Can You Afford To Make These Estate Planning Mistakes? – Part 2
Estate planning is easy to put off. It can be frightening to talk about plans surrounding death, old age, and potential disability. But sadly, this

Are These 3 Reasons Why You’ve Been Putting Off Estate Planning?
If you shared the reason with me why you’ve put off your estate planning today, I can promise you that I’ve heard the reason before

Can You Afford To Make These Estate Planning Mistakes? – Part 1
Estate planning is easy to put off. It can be frightening to talk about plans surrounding death, old age, and a potential disability. But sadly,

Intellectual Property Audits: What Are They? Why Are They Important?
An intellectual property (IP) audit is a comprehensive review that identifies all of a company’s IP assets and then evaluates the potential risks and opportunities

The Risk With Aging: Diminished Financial Capacity
The National Institute on Aging estimates that nearly half of all Americans will develop some form of dementia, such as Alzheimer’s Disease, during their lifetime.

What You Need To Know To Trademark Your Company’s Name
Coming up with the right name for your company involves a number of legal issues to consider. Your company name is ultimately one of your

Creating A Life & Legacy Plan To Preserve Your Family’s Legacy
When you think about loved ones who’ve passed away, you probably don’t think very much—or even at all—about the “things” they’ve left you. And when

Choosing The Right Entity Structure For Your Business – Part 2
When starting a business, you’ll need to choose a business entity structure. In simple terms, your business structure is simply the legal organization that conducts

Avoid These Three Risks When Transferring The Ownership Of Your Home
There’s a common misconception that giving your house to your adult children is beneficial for qualifying for Medicaid, avoiding probate, or reducing a tax burden.

Choosing The Right Entity Structure For Your Business – Part 1
When starting a business, you’ll need to choose a business entity structure. In simple terms, your business structure is simply the legal organization that conducts

Avoid Leaving Your Children At Risk When Naming Guardians
If you are a parent with children under the age of 18, it’s important to plan ahead and make sure your children are taken care

Avoid These Legal Issues When Developing An App For Your Business
Mobile apps have gained traction over the last few years for small businesses. As apps for smartphones and tablets usage continues to grow (both personal

An Extra Level Of Protection: Umbrella Insurance
Your traditional home or car insurance can protect you financially if you’re responsible for injuring someone or damaging their property. But what happens if your

Uniquely Safeguard Your Child’s Inheritance With A Lifetime Asset Protection Trust
While most parents are planning to leave their children an inheritance of some amount, they also should think about what can be done to ensure

How To Properly Value & Protect Your Intellectual Property
Companies large to small are looking for ever-more competitive ways to succeed. By developing and incorporating creative and useful innovations into products and services, intellectual

Last-Minute Moves to Save On Your Company’s Taxes For 2021
In light of the pandemic, the rules and programs governing income taxes for businesses have changed numerous times over the last two years, which has

Insurance New Business Owner Should Invest In
If you are a new business in the Grand Canyon State, it’s important to understand Arizona’s Commercial insurance to help protect your business and your

Everything To Know About Probate in Arizona—Part 2
Unless you’ve created an estate plan that works to keep your family out of court, when you die (or become incapacitated) many of your assets

Boost Your Startup’s Cash Flow Now With These 5 Tips
Have you ever found your startup was short on cash and you were struggling to meet your financial obligations? You have money coming in but

Everything To Know About Probate in Arizona—Part 1
Most of us have heard that it’s wise to avoid probate court, but we don’t necessarily know why. Under Arizona law, certain assets must go

3 Signs of A Difficult Client & How To Overcome Their Challenges
What doesn’t kill you makes you stronger? At least that’s what you tell yourself as you smile through clenched teeth dealing with a difficult client.

Sheltering Your Home & Family From The Growing Threat Of Natural Disasters in Arizona
Over just the last two years, we’ve seen historic levels of damage caused by natural disasters in Arizona. From wildfires to flooding to dust storms

The Structure & Limits of Limited Liability Companies
The benefits of creating an LLC—as opposed to operating as a sole proprietorship or general partnership, or forming a corporation—typically outweigh any perceived disadvantages. An

What To Expect From Us: We’re Not Your Traditional Law Firm
Whether you’ve met with an estate or business planning lawyer before or it’s your first time, it’s important to understand how working with us at

4 Strategies To Protect Your Business & Personal Assets
Being a successful business owner means opening yourself up to a number of different risks. Asset-protection planning is essential to reducing stress and eliminating the

5 Changes To Make To Your Estate Plan When Getting A Divorce
Even if the process is amicable, divorce can still be one of life’s most stressful events. With so many major changes taking place, it’s easy

How To Avoid Misclassifying Employees As Independent Contractors
In the last decade, the rise of the gig economy has fueled an unprecedented increase in the number of independent contractors in the ever-changing workforce.