Posted by Scott Lynett, Esq. | Apr 19, 2024 |
I often emphasize the importance of preparing for the future, not just for yourself and your loved ones, but also for your furry companions. Pets hold a special place in our hearts, and it's crucial to ensure they are cared for even when we're no longer able to do so ourselves. In this blog post,...
Posted by Scott Lynett, Esq. | Apr 12, 2024 |
Inheritance taxes can significantly impact the assets passed down to beneficiaries, potentially reducing the value of an estate intended for loved ones. However, with careful planning and strategic foresight, it's possible to minimize the impact of inheritance taxes and ensure that more of your h...
Posted by Scott Lynett, Esq. | Apr 05, 2024 |
Estate planning can be a sensitive subject, often evoking uncomfortable emotions or even avoidance altogether. However, having open and honest discussions about estate planning with your family is crucial for ensuring your wishes are understood and carried out effectively. As an estate planning a...
Posted by Scott Lynett, Esq. | Mar 29, 2024 |
In the professional world, where risk and reward dance a delicate ballet, safeguarding one's hard-earned wealth against unforeseen threats becomes paramount. This is especially true for professionals like doctors, dentists, and business owners, who face unique vulnerabilities in their day-to-day ...
Posted by Scott Lynett, Esq. | Mar 22, 2024 |
Estate planning, which involves planning for what happens to your stuff after you're no longer here, can sometimes feel like a complicated puzzle. But when that puzzle includes collectibles like coins, baseball cards, or artwork, it can get even trickier. I'm an estate planning attorney, and I've...
Posted by Scott Lynett, Esq. | Mar 15, 2024 |
In the world of small businesses and corporate America, a recent court decision has stirred quite a buzz. Let's dive into what's been happening with the Corporate Transparency Act (CTA) following a significant ruling in the case of National Small Business United v. Yellen. This event marks a pivo...
Posted by Scott Lynett, Esq. | Mar 08, 2024 |
As we approach tax season, it's crucial for high-net-worth families to take proactive steps in managing their finances to optimize tax outcomes. With the right strategies in place, individuals and families can minimize their tax burden while maximizing wealth preservation and transfer. As an esta...
Posted by Scott Lynett, Esq. | Mar 01, 2024 |
Today, let's talk about something near and dear to my heart: philanthropy in estate planning. Now, you might be wondering, "What does estate planning have to do with giving back?" Well, let me tell you – it's all about creating a lasting impact that extends far beyond our own lifetimes.
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Posted by Scott Lynett, Esq. | Feb 23, 2024 |
In all my blogs, I emphasize the importance of creating a comprehensive estate plan to protect your assets and ensure your wishes are honored. However, it's equally crucial to recognize that estate planning is not a one-and-done task. Just like any other aspect of your financial and legal life, y...
Posted by Scott Lynett, Esq. | Feb 16, 2024 |
Today, I'm excited to chat with you about a cool tool in the world of estate planning: Family Limited Partnerships (FLPs). But don't let the fancy name scare you off – I promise to break it down into bite-sized pieces so you can understand how FLPs can be your secret weapon in protecting your fam...
Posted by Scott Lynett, Esq. | Feb 09, 2024 |
Love is a powerful force that binds couples together, and while it may not be the most romantic topic, estate planning is a crucial aspect of ensuring that your love and legacy endure. As an estate planning attorney, I've witnessed firsthand the peace of mind that a well-thought-out plan can brin...
Posted by Scott Lynett, Esq. | Feb 02, 2024 |
Today, let's dive into a topic that might sound a bit fancy but is actually all about making your money work smarter for you. As an estate planning attorney, I'm here to demystify the world of trusts and show you how they can be your secret weapon in saving on taxes, especially if you've got a ni...
Posted by Scott Lynett, Esq. | Jan 26, 2024 |
Estate planning is a crucial step for every family to secure their future, but when it comes to blended families, navigating the complex dynamics adds an extra layer of importance. As an estate planning attorney, I understand the unique challenges faced by blended families and the need for a care...
Posted by Scott Lynett, Esq. | Jan 19, 2024 |
In our increasingly digital world, it's essential for you to consider the protection of your digital assets as part of your comprehensive estate plan. From cherished memories stored in photo albums to valuable financial information kept online, your digital life is a significant component of your...
Posted by Scott Lynett, Esq. | Jan 12, 2024 |
When facing tough conversations with loved ones, especially about sensitive topics like estate planning, the way we approach these discussions can significantly impact our relationships. As an estate planning attorney, I've seen many families navigate this delicate balance. I want to share some i...
Posted by Scott Lynett, Esq. | Jan 05, 2024 |
Happy New Year! As we step into 2024, it's not just resolutions that deserve your attention – there are some important updates in estate planning laws that you should be aware of. As your friendly neighborhood estate planning attorney, I'm here to guide you through the changes that might impact y...
Posted by Scott Lynett, Esq. | Dec 29, 2023 |
The holiday season, with its warmth and joy, often brings families together. Yet, for those engaged in estate planning, these family gatherings can pose unique challenges. As an estate planning attorney, I understand the delicate balance required to ensure that family dynamics harmonize with the ...
Posted by Scott Lynett, Esq. | Dec 22, 2023 |
As we approach the end of the fiscal year, high net worth individuals find themselves at a pivotal juncture for tax planning. The complex web of tax laws can be overwhelming, but fear not. In this comprehensive guide, we'll break down some savvy strategies to help you optimize your tax position a...
Posted by Scott Lynett, Esq. | Dec 15, 2023 |
As the holiday season approaches, it is a time for families to come together, share joy, and create lasting memories. However, amidst the festive cheer, there lies an invaluable gift that often goes overlooked – the gift of a secure and thriving future for your family business. Family business su...
Posted by Scott Lynett, Esq. | Dec 08, 2023 |
In 2024, the SECURE 2.0 Act brings significant changes to the world of retirement savings and college savings accounts that could substantially impact your family's financial future. Read more…
Posted by Scott Lynett, Esq. | Dec 01, 2023 |
The Corporate Transparency Act (CTA) is a significant piece of legislation in the United States that aims to strengthen and improve transparency within the corporate sector. The primary purpose of this Act is to prevent and combat the misuse of companies and legal entities for illicit activities ...
Posted by Scott Lynett, Esq. | Nov 24, 2023 |
This week, I explain how the law affects retirement distributions for married couples, and why you need to be extra careful with your retirement planning if you’re part of a blended family. Read more…
Posted by Scott Lynett, Esq. | Nov 17, 2023 |
Have you ever heard the saying, "Shirtsleeves to shirtsleeves in three generations"? It's a popular phrase in business, especially among family-owned companies. It suggests that family wealth often disappears by the third generation. The first generation makes the money, the second enjoys it, and...
Posted by Scott Lynett, Esq. | Nov 10, 2023 |
Life often feels like a rollercoaster, full of ups and downs, twists and turns. And just like how a rollercoaster has those particularly scary loops, life has its own intimidating moments: difficult conversations.
From discussing your estate plan with your children to confronting a friend to add...
Posted by Scott Lynett, Esq. | Nov 03, 2023 |
Many parents name godparents to mentor and guide their children throughout life. But the scary truth is that your children could still end up in protective services even if they have a godparent. Read more…