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Category: Banks

death of the death tax? what would repeal of estate tax mean for you and me?

death of the death tax? what would repeal of estate tax mean for you and me?

The Republicans have been talking about and working on repeal of the federal estate tax for years.  Now that Trump is on his way to the White House, there are many who believe that the federal estate tax (also known as death tax) will soon be a thing of the past. In theory and principle, […]

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lenders and LLCs–rental property stuff

lenders and LLCs–rental property stuff

It is usually a good idea to own rental property through an LLC. As the name suggests, an LLC is designed to limit liability. Think of a limited liability company as a legal liability firewall vehicle. In other words, if some sort of legal claim arose from the operating of your rental property (say a […]

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The value of knowledge and experience–this applies in all areas of life

The value of knowledge and experience–this applies in all areas of life

Do you and I appreciate the importance of experience and expertise?  In this internet age, it is quite easy for us to believe that Google can make us an expert on just about anything.  While I am as much a fan of Google and other internet resources as the next person, I see quite often the […]

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Business Buy-Sell Agreements: Mistakes to Avoid (Part 1)

Business Buy-Sell Agreements: Mistakes to Avoid (Part 1)

If you are the owner of a family business or other closely held business, not having a buy-sell agreement may be a big mistake. Let’s get this out of the-way–I am a business law attorney who gets paid to work on things like buy-sell agreements.  Therefore, it is no surprise that I am talking about why […]

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who can access your e-mail? (status of laws relating to digital assets)

who can access your e-mail? (status of laws relating to digital assets)

At the moment, you likely don’t want anyone (other than perhaps your significant other) to have access your e-mail, social media, online bank account, i-tunes and/or any of a number of other online accounts.  If something were to happen to your parent, your spouse, your child or other family member, you might need to access that […]

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begin with the end in mind–Covey’s wise counsel applies in business arrangements

begin with the end in mind–Covey’s wise counsel applies in business arrangements

At the outset of a promising business venture, nobody wants to think about how it will eventually end. However, that is exactly the time to consider such things.  Perhaps too somber a thought for a Monday morning, but the reality is that “all good things must come to an end”.  On the bright side, the […]

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An LLC as a legal liability firewall (Part 2)

An LLC as a legal liability firewall (Part 2)

It is important to start any venture the right way and the formation of a LLC is no exception. While it is sometimes possible to correct mistakes later, it is not always possible to undo all damages caused or save the money that was spent in cleaning up messes created by improper actions. This is part of a multi-part discussion […]

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Orem man indicted on Ponzi scheme allegations–Utah News

Orem man indicted on Ponzi scheme allegations–Utah News

This is just the latest in a continuing pattern of such investor scams here in Utah. Why do these seem to be so common here? First, let me clarify that Utah is not by any means the only place Ponzi and other investor schemes happen. Of course that is not the case. The sad truth […]

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Tips for Getting Venture Capital Funding (For Small Business Owners)

Venture Capital investors live and operate in their own unique world. If you are trying to get their attention (and their money), here are some basic concepts you should understand and apply. Since we do a fair amount of work with business owners (both large and small businesses), we always keep our eyes and ears […]

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In or Out? Should You Use Your Trust To Achieve IRA Stretch?

When done right, using your trust as a conduit for your retirement accounts can provide significant benefits. There are many good reasons to make your revocable trust the beneficiary of your retirement account(s).  Be careful, however, because unless this is done correctly, it can lead to problems and fail to accomplish the desired benefits. First, […]

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