Consider an Intrafamily Loan to Cover Estate Taxes

Consider an Intrafamily Loan to Cover Estate Taxes BY THEUS LAW OFFICES Sometimes estates that are large enough for estate taxes to be a concern are asset rich but cash poor, without the liquidity needed to pay those taxes. An intrafamily loan is one option. While a life insurance policy can be used to cover taxes [...]Continue reading

Devote Some Time to Internal Leadership Development

Devote Some Time to Internal Leadership Development BY THEUS LAW OFFICES Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service, and manage your inventory or supply chain. But there’s at least one other success factor that many business owners often overlook: internal leadership training [...]Continue reading

Family Businesses Need Succession Plans, Too

Family Businesses Need Succession Plans, Too BY THEUS LAW OFFICES Those who run family-owned businesses often underestimate the need for a succession plan. After all, they say, we’re a family business — there will always be a family member here to keep the company going and no one will stand in the way. Not necessarily. In [...]Continue reading

How Incomplete Nongrantor Trusts Can Help Avoid State Income Taxes

How Incomplete Nongrantor Trusts Can Help Avoid State Income Taxes BY THEUS LAW OFFICES With the federal gift and estate tax exemption at $11.40 million for 2019, people whose estates are below the exemption amount are shifting their focus to income tax reduction. High-income taxpayers — particularly those who live in high-income-tax states — may want to [...]Continue reading

Business Succession and Estate Planning: It Can Be Complicated

Transferring a family business to the next generation requires a delicate balancing act. Estate and succession planning strategies aren’t always compatible, and family members often have conflicting interests. By starting early and planning carefully, however, it’s possible to resolve these conflicts and transfer the business in a tax-efficient manner. Ownership vs. management succession One reason […]Continue reading

DIY LOUISIANA WILL EXECUTION BACKFIRES (Notary Stamp Completely Invalidates Will)

DIY LOUISIANA WILL EXECUTION BACKFIRES (Notary Stamp Completely Invalidates Will) BY THEUS LAW OFFICES “The views expressed by Me are in no way endorsed by CBS any of its allied companies or in fact Me.” ~Craig Ferguson Ms. Sandra Dale lived in East Feliciana Parish, Louisiana. She loved East Feliciana Parish so much that she named her [...]Continue reading

A Prenup or a DAPT: Which is the Better Choice?

A Prenup or a DAPT: Which is the Better Choice? BY THEUS LAW OFFICES If you or one of your adult children is getting married, you may be concerned about protecting your family’s assets in the event of a divorce. A prenuptial agreement can be an effective tool for overriding marital property rights and keeping assets [...]Continue reading

Estate Planning Lite: College-Aged Children Need a Basic Estate Plan

Estate Planning Lite: College-Aged Children Need a Basic Estate Plan BY THEUS LAW OFFICES If your son or daughter currently is home from college on winter break, now is a good time to sit down and discuss a few estate planning documents he or she should have at this stage of life. Let’s take a closer [...]Continue reading

If You’re Driven to Transfer a Vehicle’s Ownership to a Trust, Know the Risks

If You’re Driven to Transfer a Vehicle’s Ownership to a Trust, Know the Risks BY THEUS LAW OFFICES A revocable trust — often referred to as a “living trust” — can help ensure smooth management of your assets during life and avoid probate at death. And you may know that the trust isn’t effective unless you [...]Continue reading

Jump to the Front of the Line by Expediting Your I-751 Application

Jump to the Front of the Line by Expediting Your I-751 Application BY THEUS LAW OFFICES For spouses of U.S. citizens who have been granted conditional permanent residence status for a period of two years, you will need to file form I-751 to remove the conditional status during the 90 days before your second anniversary as [...]Continue reading

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