Richard Bryson is no stranger to public speaking. On August 29, 2015, he spoke to a group at Duluth United Methodist about legal issues involving health care decisions. On October 22, 2015, Richard is hosting two events at Continue reading →
Many families gather together to share in this wondrous and magical time of the holiday season, but it can also be a time to address important family topics — estate planning or elder care needs. While all are together, begin Continue reading →
It comes as no surprise to anyone that action or inaction by Congress in 2012 will drastically alter the estate tax landscape. The estate tax exemption (i.e., amount of assets not subject to estate tax at your death) will go from $5 million to $1 million in 2013 if Congress does not act. Planning for this uncertainty can be challenging. The best plan for many clients is to implement a “disclaimer” plan in which the surviving spouse gets to decide how much to “disclaim” in setting up estate tax avoidance trust.
Aside from asset protection and tax planning, another benefit to holding assets in a business entity is credit. When structured properly, business entities allow you to keep business loans off of the owner’s personal credit history.