Handling S Corporation Interests in Estate Planning: Electing Small Business Trusts and Qualified Subchapter S Trusts
One of the many challenges of owning a small business is determining the appropriate tax classification of the business. When an individual owns a business entity that is classified either entirely or partially as an S corporation, it is important to seek the guidance of an experienced estate planning attorney and tax advisor when planning […]
What are a Board’s Fiduciary Obligations, Anyway? Understanding a Director’s Role and Duties
Fid-doo-she-air-ee. What the heck is a fiduciary, let alone a fiduciary duty? “Fiduciary” means trust. A fiduciary duty is the legal responsibility to act solely in the best interest of another party. A person with a fiduciary duty has a legal obligation to maintain that trust. For example, lawyers have a fiduciary duty to act […]
Attorney Spotlight: Blake Nelson
In what area of law do you practice and why did you choose this? Construction Law and Real Estate Law. My father owned a general contractor business and a lumber yard. While growing up I worked there in the summers and learned a lot about the industry. Real estate is a major aspect of construction […]
Commercial Leases: Key Negotiation Points for Tenants to Ensure Success
Navigating the world of commercial leasing can be daunting, especially for new business owners eager to secure the perfect location for their ventures. Many tenants are unaware of their power to negotiate the terms of their lease agreements, which can significantly impact their success. With the right guidance of a skilled real estate attorney, tenants […]
How to Avoid Gift Taxes
It is better to give than to receive. But if you give a gift above a certain amount in a calendar year (for 2024 that amount is $18,000), you might end up owing money to the Internal Revenue Service (IRS). The federal tax code has very specific rules about how much you are allowed to […]
HOA Legal Updates Seminar Spring 2024
The Hellmuth & Johnson HOA practice group will present their annual spring seminar on April 13th at 9:00 am. CLICK HERE TO REGISTER Topics for this seminar include information about: The Corporate Transparency Act and HOAs How to Handle Service and Support Animals in Your Community HOA Legal Issues Concerning Electric Vehicles Presenters: […]
Attorney Spotlight: Jennifer Elston
In what area of law do you practice? Estate Planning What did you want to be when you grew up? A ballet dancer What would you be doing if you weren’t a lawyer? I would probably be a therapist. What is the strangest legal question you have ever been asked? I used to do a […]
Don’t Let Your Cryptocurrency Give You and Your Loved Ones Nightmares
Although cryptocurrency may be one of the latest investment strategies with great potential, for some individuals and their loved ones, investing in cryptocurrency has not gone as planned. The following stories are each a little different, but they all underline one simple warning: if you own cryptocurrency, you need a plan. Impact of Volatility on […]
An Introduction to Dynasty Trusts
When people create estate plans, they typically focus on handing down their money and property to their children, grandchildren, and other living heirs. But some people want to leave behind a more enduring legacy. For those interested in multigenerational wealth transfer, a dynasty trust could be the answer. A dynasty trust is an irrevocable trust […]
Free Cybersecurity Webinar
Hellmuth & Johnson is hosting a free cybersecurity webinar, featuring insights from CyberFin. This session will focus on cybersecurity challenges and present effective solutions to safeguard your company or family office. CyberFin is pleased to offer all online participants a complimentary cybersecurity assessment. March 4, 9:00-10:00 a.m. Presenters: Cy Parker, CyberFin Christopher Steffl, CyberFin CLICK […]