The worldwide equity market tumult is creating some unique and unprecedented challenges. However, plunging asset values are presenting some rare opportunities in wealth planning that are often only seen once in a generation. Below are some strategies you may wish to incorporate into your estate and tax planning during this time. Basic Estate Planning: Now, […]

We are often asked, “What is an estate plan?” An estate plan can mean different things depending on your unique personal and financial situation. We structure your estate plan based on many things, such as whether you are single, married, or divorced; whom you want your estate to pass to upon your death; and the […]

An irrevocable income-only trust can be an indispensable tool when planning for retirement and long-term care expenses. It’s important to know how these trusts work, how they help you qualify for Medicaid, and how to set one up. What Are Irrevocable Income-Only Trusts? Irrevocable income-only trusts are used for Medicaid planning. They are a type […]

In our last article, we reviewed why creating a buy-sell agreement can protect the owners of a company and help guide the process of a business succession plan. In this post, we will review how to create an exit strategy and minimize conflict when it comes time to begin to transfer the business. PART 2 […]

Long before a closely-held business is readied for sale, it should be protected by the owners creating a buy-sell agreement. In short, every co-owned business needs a buy-sell, or buy-out agreement the moment the business is formed or as soon after that as possible. A buy-sell, sometimes called a buy-out agreement, protects business owners when […]

Attorney Carl Holborn was recently featured on Money Sense presented by Ellenbecker Investment Group on WISN AM 1130. On the show, Carl discusses the need and importance of business succession planning. A recording of the show can be accessed here. If you have been considering starting the business succession planning process or are looking to update a current plan, contact […]

We are pleased to announce 19 of our lawyers have been included in the 2022 Edition of The Best Lawyers in America, and an additional five have been selected as 2022 Best Lawyers: Ones to Watch. The following are the O’Neil, Cannon, Hollman, DeJong and Laing lawyers named to the 2022 lists: Best Lawyers in America […]

We are pleased to announce 20 of our lawyers have been included in the 2021 Edition of The Best Lawyers in America, and an additional five have been selected as 2021 Best Lawyers: Ones to Watch. The following are the O’Neil, Cannon, Hollman, DeJong and Laing lawyers named to the 2021 lists: Best Lawyers in America Jean […]

Attorney Carl Holborn was recently featured on Money Sense presented by Ellenbecker Investment Group on WISN AM 1130. On the show, Carl discusses the need and importance of business succession planning. A recording of the show can be accessed here. If you have been considering starting the business succession planning process or are looking to update […]

President Trump unveiled a budget proposal for the 2021 fiscal year. Of note, the income tax and estate tax cuts provided in the Tax Cut and Jobs Act of 2017 which are scheduled to expire on January 1, 2026, are being extended in this proposal to 2035. This includes the increased estate tax exemption of […]

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