mmmtlaw.com
Articles: FLPs & FLLCs - McAlister, McAlister, McKinnis&Tuggle, P.C.
http://www.mmmtlaw.com/articles/reminders.asp
A Few Reminders in Operating Your Business. Good Governance Practices and 501(c)(3) Organizations. FLPS and FLLCS: What are they and how do they work? Mandatory Maintenance of LLC’s. A Word About Words. A Matter of Life and Death: What we have here is a failure to communicate. A Time for Reflection. Retirement: Planning for What if's. A Few Reminders in Operating Your Business.
mmmtlaw.com
McAlister & McAlister, P.C.
http://www.mmmtlaw.com/articles/retirement_planning_for_what_ifs.asp
Retirement: Planning for What if's. As advisors, our role is to help you plan for the what if's. A few questions you should ask yourself as you consider your planning and your retirement future are:. 1 Who will take care of my finances and make decisions about my care if I am not able to make those decisions? 2 Do I have alternates named on all fiduciary posts, trustees, agents, proxies, personal representatives? 3 Does my Will or Trust reflect my current desires regarding the disposition of my estate?
mmmtlaw.com
Articles: FLPs & FLLCs - McAlister, McAlister, McKinnis&Tuggle, P.C.
http://www.mmmtlaw.com/articles/FLP.asp
FLPs and FLLCs: What are they and how do they work? Perhaps you have recently read about or heard a friend or colleague refer to FLPs or FLLCs and have found yourself wondering about this seemingly new way to save money and/or avoid taxes. This article will hopefully provide a framework for determining what FLPs and FLLCs are, how they work, how to implement one, and some of the concerns associated with using them. What are FLPs and FLLCs? How do FLPs and FLLCs work? Mandatory Maintenance of LLC’s. A Mat...
mmmtlaw.com
McAlister & McAlister, P.C.
http://www.mmmtlaw.com/articles/A_word_about_words.asp
A Word About Words. Mrs Jones: “But I thought my husband’s life insurance was not part of his ‘estate’ at his death! Mrs Jones’ attorney: “The life insurance policy which your husband owned, insuring his life, is not part of his ‘probate estate’ but it is very much a part of his ‘gross estate’ for estate tax purposes.”. It is surprising how much confusion can arise from multiple meanings of the same word. Consider the word “estate.”. Good Governance Practices and 501(c)(3) Organizations. A Matter of Life...
mmmtlaw.com
Articles: FLPs & FLLCs - McAlister, McAlister, McKinnis&Tuggle, P.C.
http://www.mmmtlaw.com/articles/IRSGoodGovernance.asp
Good Governance Practices and 501(c)(3) Organizations. The practices a tax-exempt organization implements will depend on its size as well as the composition of the board of directors. However, the IRS recommends each organization reviews and considers adopting the following good governance practices. To read the actual suggested policies, please go to http:/ www.irs.gov/pub/irs-tege/good governance practices.pdf. To assist you in making your relevant information available to the public. As previously not...
mmmtlaw.com
McAlister & McAlister, P.C.
http://www.mmmtlaw.com/articles/food_for_thought.asp
In this holiday season, much thought is given to food. Here is some food for thought, for the good health of your personal estate planning . and with no calories! Proper funding of a revocable trust. Beneficiary designations, payable on death (POD) and transfer on death (TOD) accounts. Deaths, including the unexpected death of a beneficiary. Or, what if they are alive at your death, but suffer death or incapacity (or legally dissolve, as to a charity) shortly after your death? A Word About Words.
mmmtlaw.com
McAlister & McAlister, P.C.
http://www.mmmtlaw.com/articles/LLC_mandatory_maintenance.asp
Mandatory Maintenance of LLC’s. At that point, what becomes of the business, its assets, owners, and employees? LLCs continue to be an excellent choice for those looking to form a new business entity. Though they are extremely user-friendly, LLCs do involve some ongoing maintenance. Please feel free to contact our office if you have any questions or concerns about your current company, or if you are considering the formation of a new business entity. Good Governance Practices and 501(c)(3) Organizations.
mmmtlaw.com
McAlister & McAlister, P.C.
http://www.mmmtlaw.com/articles/life_and_death.asp
A Matter of Life and Death:. What we have here is a failure to communicate. Did they tell anyone what they wanted; did they discuss it with anyone? Is the public answering of these private questions simply a reflection of our litigious society and the willingness of a court system to go where it is neither needed nor invited? Or is there something simpler, more fundamental which is inviting, even necessitating, this human drama we see played out in our courts and the “court” of public opinion?
mmmtlaw.com
McAlister & McAlister, P.C.
http://www.mmmtlaw.com/articles/reflection.asp
A Time for Reflection. As that great philosopher Annette Funicello once said,. Ldquo;Life is forever going to change, you know? Major changes have occurred in recent years, and even in recent months, in the laws affecting wealth transfer tax. Estate tax, gift tax, generation skipping tax, etc.), wealth preservation and liability protection. End of life decision-making through advance healthcare directives and powers of attorney. And private and public sources of financing long-term care costs. If you hav...