Thinking about a Roth IRA conversion? Now may be the ideal time BY THEUS LAW OFFICES Roth IRAs offer significant estate planning and financial benefits. If you have a substantial balance in a traditional IRA and are considering converting it to a Roth IRA, there may be no better time than now. The Tax Cuts and [...]Continue reading

A buy-sell agreement can provide the liquidity to cover estate taxes BY THEUS LAW OFFICES If you own an interest in a closely held business, it’s critical to have a well-designed, properly funded buy-sell agreement. Without one, an owner’s death can have a negative effect on the surviving owners. If one of your co-owners dies, for [...]Continue reading

Defensive Asylum Hearing Process in Immigration Court BY THEUS LAW OFFICES Generally, individuals seek asylum in the United States to escape specific types of persecution should he or she be forced to return to their homeland. The asylum hearing process varies on whether the foreign national is seeking asylum through an affirmative process or a defensive [...]Continue reading

What’s The Difference Between The Two Types of Power of Attorney? BY THEUS LAW OFFICES When drafting your estate plan, you and your attorney must account for what happens to your children and your assets after you die. But your plan must also spell out your wishes for making financial and medical decisions if you’re unable [...]Continue reading

Understanding the contents of a will BY THEUS LAW OFFICES You probably don’t have to be told about the need for a will. But do you know what provisions should be included and what’s best to leave out? The answers to those questions depend on your situation and may depend on state law. Basic provisions Typically, [...]Continue reading

A poorly worded apportionment clause can upend an estate plan BY THEUS LAW OFFICES Federal estate tax liability is no longer an issue for many families, now that the gift and estate tax exemption stands at $11.4 million for 2019. But there are still affluent individuals whose estates may be subject to hefty estate tax bills. [...]Continue reading

Expanded 529 plans offer unique estate planning benefits BY THEUS LAW OFFICES If you’re putting aside money for college or other educational expenses, consider a tax-advantaged 529 savings plan. Also known as “college savings plans,” 529 plans were expanded by the Tax Cuts and Jobs Act (TCJA) to cover elementary and secondary school expenses as well. [...]Continue reading

Take intrafamily lending to the next level by establishing a family bank BY THEUS LAW OFFICES One of the primary goals of estate planning is to put in writing how you want your wealth distributed to loved ones after your death. But what if you’d like to use that wealth to help a family member in [...]Continue reading