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

Have You Had Your Annual Estate Plan Checkup?

Have You Had Your Annual Estate Plan Checkup? BY THEUS LAW OFFICES An annual estate plan checkup is critical to the health of your estate plan. Because various exclusion, exemption and deduction amounts are adjusted for inflation, they can change from year to year, impacting your plan. 2019 vs. 2018 Amounts Here are a few key [...]Continue reading

Exemption from Naturalization Interview Language Requirement

Exemption from Naturalization Interview Language Requirement BY THEUS LAW OFFICES Often times, individuals do not become permanent residents until much later in life. This often occurs when adult United States citizen children who are over twenty-one filing a petition on behalf of their much older non-citizen parent. As a result, many of these parents are not [...]Continue reading

Hastily Choosing an Executor Can Lead to Problems After Your Death

Hastily Choosing an Executor Can Lead to Problems After Your Death BY THEUS LAW OFFICES Choosing the right executor — sometimes known as a “personal representative” — is critical to the smooth administration of an estate. Yet many people treat this decision as an afterthought. Given an executor’s many responsibilities and complex tasks, it pays to [...]Continue reading

An ESOP Can Benefit a Business Owner’s Retirement and Estate Plans

An ESOP Can Benefit a Business Owner’s Retirement and Estate Plans BY THEUS LAW OFFICES Employee stock ownership plans (ESOPs) offer closely held business owners an exit strategy and a tax-efficient technique for sharing equity with employees. But did you know that an ESOP can be a powerful estate planning tool? It can help you address [...]Continue reading

Building an On-Off Switch Into Your Estate Plan

Building an On-Off Switch Into Your Estate Plan BY THEUS LAW OFFICES The right estate planning strategy for you likely is the one that will produce the greatest tax savings for your family. Unfortunately, there can be tension between strategies that save estate tax and ones that save income tax. This is especially true now that [...]Continue reading

What You Need to Know About Filing Gift and Estate Tax Returns

What You Need to Know About Filing Gift and Estate Tax Returns BY THEUS LAW OFFICES Have you made substantial gifts of wealth to family members? Or are you the executor of the estate of a loved one who died recently? If so, you need to know whether you must file a gift or estate tax [...]Continue reading

Properly Funding Your Revocable Trust is the Key to Unlocking its Benefits

Properly Funding Your Revocable Trust is the Key to Unlocking its Benefits BY THEUS LAW OFFICES If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in the event you become incapacitated) [...]Continue reading

Add Spendthrift Language to a Trust to Safeguard Assets

Add Spendthrift Language to a Trust to Safeguard Assets BY THEUS LAW OFFICES Protecting assets from creditors is a critical aspect of estate planning, but you need to think about more than just your own creditors: You also need to consider your heirs’ creditors. Adding spendthrift language to a trust benefiting your heirs can help safeguard [...]Continue reading

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