Alaska has two of the best asset protection laws on the books: its Corporations Act and its Limited Liability Company Act. Alaska, similar to Nevada, has act basically adopted of the Delaware Corporations Act. These Acts are unique from most of the Corporations Acts across the United States. For Example, Alaska allows one person to be the only director, shareholder,
I don’t often talk about my family at work. 11 years ago, I noticed my 2 year old son did not react well to loud noises and was not starting to speak. Concerned we took him to a doctor who performed extensive testing. One afternoon I received a call by the doctor to meet me at her office. She explained
Many people today own pets who have served them as close companions and friends. But, what will become of your pet after you pass away? Luckily, this is something that you can plan for by meeting with an estate planning attorney and setting up a pet trust. Pet trusts are allowed in almost every state and can be created for
Can Couples Who Cohabitate Establish an Estate Plan? The United State’s Census Bureau found in 2000 there are an estimated 5.5 million unmarried couples living together in the United States, up 3.2 million from 1990. There is nothing to indicate this trend will not continue While the courts have recognized the application of estate planning tools for married couples, they have yet
What entity type to invest in real estate depends on the type of transaction you are engaging in. The two most likely candidates are S Corporationsand Limited Liability Companies. S CORPORATIONS Speaking on the federal level, the S Corporation has some major advantages over the C Corporation or Corporation, as we will refer to it from now on throughout this
Distributing 401k’s, IRA’s, and Qualified Retirement Plans as Part of Your Estate 401k’s, IRA’s, and Qualified Retirement Plans are generally considered non-probate assets. As such, individuals may specifically name a beneficiary of these accounts without having the assets go through their estates via a trust. For example, Scott and Kim are married. Scott has a 401k plan that names Kim
Estate Planning is generally thought of as activity for retiring parents or something that does not affect you while you are living. The reality is that estate planning for singles could not be more important. Singles do not have a spouse who might be considered the person to make decisions for you if you cannot. With the percentage of our
Everyone has an estate plan, the one you create with your choices or the one the courts provide where they make the decisions. An estate plan is a series of documents that give your wishes control of your life, family and assets. Without an estate plan, the courts will get involved and make decision for you, often costing your estate money.