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Continue ReadingBusiness Law
Reverse Piercing the Corporate Veil
Forming a corporate entity such as a Limited Liability Company is a popular planning tool to limit personal liability exposure as it relates to business affairs. Individuals often create corporate entities with the intention of protecting their personal assets from the liabilities associated with operating a business. While this is the proper method to protect personal assets, business owners must be diligent to keep personal matters separate from business matters and avoid co-mingling the two.
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Estate Planning
Trust Accounts and Increased FDIC Insurance
Before the Great Recession in 2008, many thought banks were “too big to fail” and therefore, had no real concerns whether the money in bank accounts, CD’s or money market accounts was protected by any kind of insurance. As many...
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Estate Planning
The Oklahoman Article: Estate planning during COVID-19
Can people complete their estate planning during the COVID-19 crisis?
Yes. Our firm, which was formed in 2002, always sees an uptick in client calls or initial estate planning meetings when there are national events, economic changes or crises that...
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Estate Planning
Estate Planning: Not Just For The Rich
A common misconception about estate planning is only “wealthy” people need it. In reality, there are countless benefits associated with having a comprehensive estate plan no matter your tax bracket. In most situations, it is far less costly to have...
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