FLP by Estoppel: A family limited partnership (FLP) was formed and hired an investment manager. Years later the FLP sued the manager for providing lousy advice. The manager moved to have the suit dismissed because the FLPs attorney failed to ever file the certificate of limited partnership that the family signed with the state,…
Trusts, LLCs and Tax ID Numbers: Every trust or entity has to have a tax identification. Every time you open a bank account, or engage in almost any transaction, you’re going to be asked for a tax identification number. Make life easier for everyone. Have the tax identification number typed on the front page of…
Cheap tricks (and we don’t mean the rock band from the 70s) can be used to accomplish some pretty significant estate and other planning goals. Here’s a survey of some cheap steps you can take that might just save you a bundle: 529 Plans: These popular college savings plans have shortcomings that don’t get talked…
Still picking rice out of your hair? Your new marriage means time to review and revise all of your planning: Investments: Marriage means combined incomes, a different risk profile, and new planning objectives. As newlyweds review your overall financial goals and objectives and revise all of your investments accordingly. Current Investments: A newlyweds you may…