My Business is Being Sued

My Business is Being Sued. Now What?

If you have ever been in business, you know lawsuits and fraudulent claims are common. Business litigation takes many forms including contract disputes, misrepresentation, IPR (what does this mean?) issues, employment issues, and more. All of these can seriously affect not just the revenue of a business, but its visibility and reputation as well. Because lawsuits can be time-consuming and costly, your goal is to settle in a way that […]

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What to do if you win the powerball lottery

What to Do If You Win the Powerball Lottery

The biggest Powerball jackpot to date was $1.586 billion in January 2016, according to the Associated Press. That same year, the North American Association of State and Provincial Lotteries reported that national ticket sales reached $80 billion, which was more than sales from entertainment, gaming, and sports events combined. Everyone dreams of winning the next Powerball lottery. But as the winnings continue to grow into billions and the odds shrink […]

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Are you a lawsuit target?

Are You a Lawsuit Target?

High net worth individuals face a greater risk of being sued, especially when unemployment is high and the economy is uncertain. Now more than ever, many families and individuals are concerned that their wealth makes them a lawsuit target. In fact, 80% of households with $5 million or more in assets believe their wealth puts them at risk. That risk doubles if they are highly visible in the public, and […]

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Business mitigation plan examples

Business Mitigation Plan Examples

Running a business involves risk, and owners accept certain levels of risk because of the potential for success. Capital risk can be the result of various factors but is often a combination of internal and external components. However, there are tools that can help business owners protect their companies from threats. One of the most preventative measures a company can take is in the form of planning. A well-structured business […]

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Putting Cryptocurrency in your Family Trust

Putting Cryptocurrency in Your Family Trust

Bitcoin and other assets supported by blockchain technology are part of a rapidly growing area of interest for folks looking for new ways to invest their wealth. If you own cryptocurrency, it’s particularly important to include it in your estate planning because it’s not a discoverable asset, like real estate holdings or mutual funds. Dying without explicit instructions regarding the fact that you own cryptocurrency, or without providing the private […]

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Protect Crypto Investment With Estate Planning

Protect Crypto Investment With Estate Planning

Nowadays, an increasing number of individuals are investing in Bitcoin, NFTs (non-fungible tokens), and blockchain tokens. Many have profited substantially from their crypto investments. Yet while crypto-assets may hold enormous family wealth, they also pose complex issues in terms of safeguarding, transferring, preserving, and distributing that wealth. The advantages of protecting assets with estate planning are well known, and cryptocurrency is a valuable asset. As with any other asset, it […]

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Offshore Bank Account Attorney

Offshore Bank Account Attorney

Offshore banking is a popular choice for individuals who are accumulated significant assets. Keeping these funds  in countries such as the Cayman Islands, Switzerland, or the British Virgin Islands can provide more protection than the U.S. domestic banking system. This is due to the more favorable tax laws in these jurisdictions. There are additional reasons for offshore banking in specific countries as they often offer better business environments, beneficial legal […]

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Proactive Strategies for HNWI with Rising Tax Rates on The Horizon

Proactive Strategies for HNWI with Rising Tax Rates on The Horizon

In May of 2021, the U.S. Treasury released, “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals.” Also known as the “Green Book,” this document provides a detailed account of the Biden Administration’s proposed tax changes beginning in 2022. With regard to tax planning for HNWI (High Net Worth Individuals), the proposal includes plans to tax the wealthy at higher rates beginning either January 2022 or possibly retroactively to […]

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Estate Planning Before the 2024 Election

Estate Planning Before Elections

Every four years the lead-up to the presidential election ignites serious discussion about potential changes to estate planning laws. Presidential politics are generally quite different between the two major parties, and once in office, both are eager to implement laws that reflect the ideological differences between them. This is aptly demonstrated by the party’s approach to protecting and passing down wealth. Traditionally, Republican candidates advocate financial policies that favor issues […]

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Let's talk asset protection strategies

Let’s Talk Asset Protection Strategies

Through hard work, smart budgeting, and savvy investing, you have been accumulating wealth with the goal of becoming financially independent. You can relax now, right? Actually, the next step is likely the most crucial one you will take, because the better off you become, the more devastating a lawsuit can be to your future. Protecting your wealth is as important as the steps you take to build it.  As your […]

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