Estate Planning: Utilizing an LLC

A limited liability company is a legal business entity that protects its owners (members) from personal liability. It provides more flexibility and is less formal than a corporation. Members of an LLC report the business’s profits and losses on their individual tax...

Estate Planning: Life Insurance

Life insurance is a contract that provides payment of an agreed upon amount by an insurance company to named beneficiaries upon the death of the maker of the contract. It is one of the most important aspects of personal finance and has a direct impact on estate...

ESTATE PLANNING: TRUSTS

Webster’s Dictionary defines “trust” as “a belief that someone or something is reliable, good, honest and effective”. As people, we place our trust in many different places: in God, in our family and in our friends. In this election year, many of us are struggling to...