Setting up a limited liability company (LLC) for your business is an important way to protect your personal assets, but that protection is not unlimited. However, note the word “limited” in “limited liability”. Illegal... Continue Reading
Should I Make a Gift to My Minor Children To Take Advantage of the $5 Million Unified Credit Amount, and if so, How Do I Protect Against Unforeseen Uncertainties Among My Minor Children? Yes, if you are financially capable you... Continue Reading
Who Is Responsible for the Gift Tax on the $10,000 Gift Given By My Sister-In-Law to My Wife and Myself? Dear Harry: My wife has a sister who is 93 and still in pretty good health. She is a widow worth more than half a million... Continue Reading
When you are looking to start a new business venture, it is essential that you not only have a good business idea ready, but you must also explore that idea to determine whether it will be a viable one. There are so many... Continue Reading
Mickey Rooney took on a new role last week, as an advocate for abused seniors. His personal story of betrayal was painful to watch. The 90-year-old actor bravely shared the shame and humiliation of elder abuse with members of... Continue Reading