FinCEN Begins Accepting Beneficial Ownership Information Reports: What to Know
The United Nations estimates that the amount of money laundered globally is as high as $2 trillion a year. Governments around the world are taking steps to protect the financial system from crimes like money laundering. Among the new measures in the U.S. is the Corporate Transparency Act (CTA). Congress enacted the CTA in 2021. The […]
A Guide to the Importance of Estate Planning
58% of people haven’t started to create a will. Or have even thought about the importance of estate planning to protect themselves and their loved ones upon their passing. We take time to plan out every other thing in our lives. Everything except estate planning, which is why you’re here. If you’re still unsure of the […]
Around the Web: You May Need More Than a Will for your Estate
Everyone’s estate planning process looks different. A young couple just starting out and a senior with significant assets will need to approach their estate decisions much differently. While there is no one-size-fits-all approach, this article suggests a few top strategies for those making estate plans. Revocable trusts – a revocable trust bypasses probate, allowing your […]
Around the Web: Don’t Forget to Make a Digital Will
In today’s digital age, most people have numerous online accounts and subscriptions. From social media and streaming services to bank accounts and apps, it can be overwhelming. So what happens when we pass away? It’s important to consider what your family members may need to know in order to access or delete accounts as needed. […]
What Is Probate, and Why Do You Want To Avoid It?
When you pass away, your family could have to visit a probate court to claim the inheritance you left behind. If you own property like a house, car, bank account, investment account or any other possessions you wish to pass on after your death, your inheritors could be in store for a long probate court […]
What is a living trust and how does it work? Protect your assets.
A trust is a legal way to set aside your hard earned assets for a specific and desired purpose. A living trust is a type of trust that can be initiated while you are still alive, offering flexibility and control over your estates in the event of incapacitation or death. How a living trust is […]
Client Testimonial – Jeff Annis
At Rhodes Law Firm, we’re focused on providing our clients the best possible service regarding personal estate planning, as well as business planning and asset protection. One of our clients, Jeff Annis of Advanced Services Pest Control, talks about the important of having business plans in place and his experience with our firm. If you […]
Retiring Soon? 7 Important Steps Your Attorney Wants You to Take Before Selling Your Business
Selling a small business isn’t like selling lemonade, or even selling a car. It’s a major undertaking with several moving parts, requiring experienced negotiators, capable lawyers, and a successful strategy from day one. Which means that if you want a sale to succeed, you need to go in with a plan. If you plan on […]
9 Will and Estate Planning Mistakes to Avoid
If you’re making dinner or helping your kids do math homework, the last thing you want to think about is mortality. Unfortunately, you’re not alone – 64% of Americans don’t have a will, and 27% said there was no urgent need for them to get one. But will and estate planning are vital to ensuring that your […]
10 Helpful Tips For Donating Money to Charity
Have you recently acquired a substantial amount of wealth? Are you considering donating some of the money to different charities? Whether you’re looking to donate a large amount of money or simply make a small donation, planning your charitable contributions is important. If you don’t plan properly, you could end up donating money to an […]