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July 2018 Archives

Multigenerational home buying on the rise

It was recently reported in the New York Times that 64 million Americans live in multigenerational households, which is double the number it was 50 years ago. The reasons for doing this are many, including saving on the cost of care for the young and elderly and the rising cost of real estate. Of course, there is unique chance of the elderly and young to share time together, creating special memories that grandchildren will have for a lifetime.

3 issues that could lead to probate conflicts

After a loved one passes, you undoubtedly want to make sure that all of his or her final affairs are appropriately settled. If the decedent named you as executor of the estate, you will have many duties to attend to during the probate process. These duties also include handling any disputes or challenges to the will that may arise.

Pass-through tax guidance delayed till end of month

Every tax-paying American knows that new tax laws were passed at the end of 2017. Now businesses defined as limited liability companies (LLC), partnerships and S corporations are reportedly going to be able to pay 20 percent less taxes through a special tax break for pass through businesses (these entities don't pay taxes at a corporate level, thus owners avoid taxing your business and then you again for personal income taxes), but the actual guidelines of how it will work have yet to be announced.

Employers: update your cybersecurity training to avoid this scam.

If you work in a large corporation, you’ve probably undergone mandatory information security training every year since you started. Companies are becoming more and more aware of the myriad cybersecurity threats that could put their sensitive information—and the future of their business—at risk.

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