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The Virtual Attorney Blog

In the words of Benjamin Franklin, "an ounce of prevention is worth a pound of cure."  Few places is that more evident than in the field of law, where taking proper measures to protect one's interests preeminently can ward off potentially messy...

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The following is an excerpt from "Solo Out of Law School--A How Can Guide to Starting a Law Firm as a New Attorney"

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There are numerous considerations for parents and grandparents when contemplating making gifts to minor children. Outright gifts are frowned upon because, under the eyes of the law, children are under a legal disability, which means that they do not have the legal capacity to own property. That means that, without some planning, a guardian is necessary to hold or manage property for a minor child.

But, that doesn’t mean parents don’t have options when it comes to making gifts to minor kids. There are a few options worth...

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tune out the negative speak

The following is an excerpt from "Solo Out of Law School--A How Can Guide to Starting a Law Firm as a New Attorney"

Solo out of Law School is a book for both law students thinking about a solo career and attorneys looking to open their own firms. It's about mindset, motivation, and viewing your solo career with perspective that allows you to see yourself and your work as something you can be proud of. It's not a "how to" guide to starting a law practice. It doesn't say anything about the tools...

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The newly passed tax reform bill includes some significant changes to the estate tax. Here’s what you can expect.

While the Tax Cuts and Jobs Act made sweeping changes to the estate tax limits, in reality, unless you have significant wealth, you won’t be directly impacted. However, the changes are bound to stir strong emotions in those that feel the reforms are a gift to the wealthy. So what’s new?

Increased Limits

Let’s be honest, for a few years now the chances of actually having to deal with estate tax liability have been pretty low, as...

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In a post last week I touched on some of the implications of the new tax law on pass-through business entities, like LLCs, S Corporations, partnerships, and sole proprietorships. Noticeably absent from that list is C Corporations. C Corps are the most common entity structure for America’s largest companies, like Apple, General Electric, Walmart and Target. It would be foolish to think any tax overhaul headed by republicans would be to the...

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