AB Law Blog
Why You Should Create a Trust to Protect Your Business and Family
To make certain your business—and the income it generates for your family—continues to run smoothly when something happens to you, you need to create a comprehensive estate plan, and it really needs to include a trust. Without such a plan, your business will be stuck in an unnecessary court process, which could easily cause the loss of everything you’ve worked so hard to build…
Estate Planning for a Child With Special Needs: What Parents Need to Know
Estate planning is an obvious concern for all parents, but if you have a child with special needs, it’s crucial you’re aware of the unique considerations that go into planning for a child who may be dependent on you at some level for their lifetime. If your child has special needs, you must understand exactly what’s necessary to provide for the emotional, physical, and financial needs of your child, in the event of your own eventual death or potential incapacity…
Writing Off Business Start-Up Costs
According to the IRS, there are three categories of start-up expenses eligible for deductions: expenses for creating your business, expenses for launching your business, and expenses for organizing your business. Each category consists of different types of costs, including the following…
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