Vacation season is upon us, and in addition to picking out the ideal summer getaway for you and your family, booking flights and hotel rooms and buying that new swimsuit, it’s a good time to make sure your estate plan is in order before you hit the road. As you know,...
Estate, Wealth & Succession Planning
Asset Protection Trusts: Balancing Control and Security
We often think that the only way to truly protect our assets from creditors is to put the money in an offshore Swiss or Cayman bank account, complete with all of the uncertainty, hassle and lack of control which that entails. In other words, we assume that to...
KJK Partner Kevin Lenhard Featured in Cleveland Jewish News Article: “Complexities lie in leaving assets to children”
By Becky Raspe, Cleveland Jewish News When one is preparing their estate plan, it’s common for some of those assets to pass to children. “Adults who receive assets outright from a bequest or inheritance generally have full control and enjoyment over the assets once...
What Must Your Financial Advisor Tell You? You Might Be Surprised.
You place great trust in the person who helps you invest your money. You like them, listen to them and are sure that they are obligated to do only what is best for you at all times. Think again! The obligations this person owes are actually dependent on how...
Stacking Up the Benefits of Sec. 1202 – Qualified Small Business Stock (QSBS)
We are now more than 18 months into the Jobs Act and given the nature of the pro-business tax environment today, it’s time for practitioners to dust off their Internal Revenue Code books and take a fresh look at IRC Sec. 1202. There may be significant benefits...
Changes to the Estate Tax Becoming a Focus for the 2020 Election
Now that the calendar has flipped to 2019, the political winds are starting to blow – further adding to the chill of the frigid temperatures felt by much of the country during the recent Polar Vortex. Democratic challengers are rolling out progressive tax ideas...