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What is the Difference Between Limited Power of Attorney and General Power of Attorney?

What is the Difference Between Limited Power of Attorney and General Power of Attorney?

A power of attorney is a powerful legal document that allows another person to make legal decisions concerning your life on your behalf. The holders of these documents can sell property, obtain a place to live, submit documentation for the payment of taxes, and make other decisions regarding your financial, business, and...

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What are Intentionally Defective Grantor Trusts?

What are Intentionally Defective Grantor Trusts?

One of the primary reasons to create a trust is to avoid excess taxation. Parties who place property into a trust do not have to disclose those assets for taxation or pay taxes on any income that comes from them. However, this can create problems for the beneficiaries of trusts, as they may find that taxation of the assets leaves t...

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New Proposed Changes to Income and Estate Taxes

New Proposed Changes to Income and Estate Taxes

New proposals for the House tax bill were released on September 13, 2021. The proposals include changes to individual taxes, retirement accounts, estate tax, corporate tax, and more. Below, our legal team outlines some of these important changes. If you are uncertain how these changes will affect your estate, personal income, or business, please contact one of our skilled attorneys...

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