Beware IRD if You’ve Received an Inheritance

Most people are genuinely appreciative of inheritances. But sometimes it may be too good to be true. While inherited property is typically tax-free to the recipient, this isn’t the case with an asset that’s considered income in respect of a decedent (IRD). If you inherit previously untaxed property, such as an IRA or other retirement […]Continue reading

Manage Health Benefits Costs With a Multipronged Approach

Many companies offer health care benefits to help ensure employee wellness and compete for better job candidates. And the Affordable Care Act has been using both carrots and sticks (depending on employer size) to encourage businesses to offer health coverage. If you sponsor a health care plan, you know this is no small investment. It […]Continue reading

4 Estate Planning Techniques for Blended Families

Today, it’s not unusual for a family to include children from prior marriages. These “blended” families can create estate planning complications that may lead to challenges in the courts after your death. Fortunately, you can reduce the chances of family squabbles by using estate planning techniques designed to preserve wealth for your heirs in the […]Continue reading

Taking It to the Street: 7 Marketing Strategies to Consider

With such intense focus on digital marketing these days, business owners can overlook the fact that there are actual, physical places to interact with the buying public. Now that spring is here and summer is on the way, it’s a good time to rediscover the possibilities of “street marketing.” Here are seven strategies to consider: […]Continue reading

Blockchain May Soon Drive Business Worldwide

“Blockchain” may sound like something that goes on a vehicle’s tires in icy weather or that perhaps is part of that vehicle’s engine. Indeed it is a type of technology that may help drive business worldwide at some point soon — but digitally, not physically. No matter what your industry, now’s a good time to […]Continue reading

A Total Return Unitrust Can Help Maintain Family Harmony

A traditional trust can sometimes create a conflict between the lifetime and remainder beneficiaries. For example, investment strategies that provide growth that benefits remainder beneficiaries can leave lifetime beneficiaries with little or no annual payouts. This makes it more difficult for your estate plan to achieve your objectives and places your trustee in a difficult […]Continue reading

3 Ways to Supercharge Your Supervisors

The attitudes and behaviors of your people managers play a critical role in your company’s success. When your managers are putting forth their best effort, the more likely it is that you’ll, in turn, get the best performances out of the rest of your employees. Here are three ways to supercharge your supervisors: Transform them […]Continue reading

FAKE NEWS OF THE DEMISE OF DOMESTIC ASSET PROTECTION TRUSTS: Takeaways From Toni 1 Trust v. Wacker (2018)

FAKE NEWS OF THE DEMISE OF DOMESTIC ASSET PROTECTION TRUSTS: Takeaways From Toni 1 Trust v. Wacker (2018) BY THEUS LAW OFFICES BAD FACTS Good fences make good neighbors, except in Montana. Donald Tangwall and William Wacker, both residents of Montana, were not good neighbors. Tangwall sued Wacker in 2007. Wacker then counter-sued Tangwall, which started [...]Continue reading

Apply for a Waiver If You’ve Missed the 60-Day IRA Rollover Deadline

IRAs and employer-sponsored plans suchas 401(k)s are powerful retirement savings tools, but they also provide valuable estate planning benefits. If you hold a traditional IRA for life, for example, your children or other heirs can stretch out distributions over their lifetimes, maximizing the IRA’s tax-deferred growth and preserving more wealth for the family. If, however, […]Continue reading

Could Your Next Business Loan Get “Ratio’d”?

Could your next business loan get “ratio’d”? We live and work in an era of big data. Banks are active participants, keeping a keen eye on metrics that help them accurately estimate risk of default. As you look for a loan, try to find out how each bank will evaluate your default probability. Many do […]Continue reading

Theus Law Offices