Legal Audit for Buy-Sell Agreement

22-Point Legal Audit for Buy-Sell Agreement

1. Trigger Events: Does your Agreement provides for the 10 critical trigger events?

2. Rigid or Flexible: Is your Agreement a rigid agreement that could create significant income tax issues at the time of a buyout? (more…)


The Importance of Basis… the new era of estate planning

10/01/15 | WealthCounsel Quarterly | Jeremiah H. Barlow, JD

Understanding basis and how it applies in estate planning is one of the foundational concepts of the post-ATRA era. Prior to the enactment of the American Taxpayer Relief Act (ATRA) in 2013, the primary goal in estate planning was to leverage transfers in order to reduce the size of the estate upon death, and minimize the effects of estate tax. This included using bypass trusts or other similar mechanisms to reserve a deceased spouse’s unused estate tax exemption. This strategy was sound, as the aggregated federal and state transfer taxes were much greater than income tax rates. (more…)


Wills, Trusts & Dying Intestate: How They Differ


Most people understand that having some sort of an estate plan is a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills and trusts – and dying without either. (more…)


Eminent Domain

The power of the federal and state government to take private property for a public purpose, even if the property owner objects, is known as eminent domain. The Fifth Amendment to the United States Constitution allows the government to take private property if the taking is for a public use and the owner is “justly compensated” (usually, paid fair market value) for his or her loss. (more…)


The Shocking Truth About Asset Protection Planning

Some view asset protection planning with a skeptical eye. They believe there is a moral obligation to pay one’s debts. They think that asset protection planning is immoral because it prevents a creditor from collecting on a judgment entered by a court. (more…)

facebooktwittergoogle_plusredditpinterestlinkedinmail A New Resource for Older Americans and Their Families

More than 10,000 people turn 65 in the U.S. every day according to (, a new website recently launched by the Obama administration. The goal of this website is to act as gateway for older Americans and their families, friends and caregivers to locate information about leading a healthy lifestyle, options for health care, preventing elder abuse, and retirement planning. (more…)