Author: Yana Sogolov

It’s common for people to want to leave money behind for their children and family members after death. After spending years working to earn a living, people are proud to leave behind a legacy and help their future generations to be better off. But there’s a common saying regarding generational wealth – “Shirtsleeves to shirtsleeves…

Your child is getting ready to head to college. Between making sure they have their textbooks and everything needed to furnish their dorm, there are some legal documents that you should have in place. Many of these documents will be handy to have should a medical or other emergency occur and you need to make…

Did you know that October is National Estate Planning Awareness Month? The importance of proper estate planning shouldn’t be understated, as it can be a lasting gift for your loved ones after your passing.   The discomfort in talking about plans after death or incapacitation may cause certain myths and misconceptions to circulate. Many people…

If you know that you want to leave behind money for your family members, is it better to leave the money as a gift while you are still living or as an inheritance after death? Each of these options have different tax consequences to be aware of before pursuing. We’ve gathered what you need to…

Preparing a strategy that is both advantageous and tax-efficient might feel daunting at first. Thankfully, there are some things you can do now to keep from overpaying this tax season. Build Your Team of Professionals You might build a team for any number of pursuits, from organizing a baseball team to putting together people to…

From mainstream media coverage to a parody skit on Saturday Night Live, non-fungible tokens (NFTs) are starting to become a household name. But the concept can be confusing and leave investors wondering whether this is a fad, a hobby or a bona fide investment. While you may be able to address this question with a trusted…

Suppose you’re considering doing business in another country or looking to split your time between the United States and elsewhere. In that case, it’s worth familiarizing yourself with the tax implications of having assets outside of the U.S. and its territories. That means getting to understand the basics of the Foreign Account Tax Compliance Act…

How many times have you gotten a reminder to update your password before it expires? Or to make sure your password contains a capital letter, number and symbol? While inconvenient at times, these are some of the crucial steps that come with keeping your personal information safe. Choosing a weak or overused password can make…

Creating a business is an exciting venture, and choosing a business structure is an integral step. Not only is each business structure taxed differently, but they all offer different levels of protection between personal and business liabilities. Before moving forward on your next step in entrepreneurship, make sure to understand the pros and cons of…