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John Burns Estate & Elder Law, PLLC
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The tax landscape is forever shifting and changing and it is constantly becoming more complicated. Being in business involves varying degrees of risk, and reward. Taxes are one of those uncertainties that business people must deal with while also managing the daily operations of the business.
#taxplanning
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A common scenario that we see with clients is that a relative or close friend passes away and our client discovers that they have been named executor of the estate of the deceased. Our client feels a bit flustered and not up to the task given all their other responsibilities.
#estateplanning
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Regardless of the size of your business or organization, you can depend on paying local, state and federal taxes each year. There are several factors that determine how much and what type of taxes you are required to pay.
#taxplanning #estateplanning
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If you are a visionary with a million-dollar business idea in your mind, it is not worth anything until you can commit the idea to paper and develop a solid business plan for it. Creating a business plan is the first step to building a foundation for the ideas that have been floating around in your head.
#businessplanning
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Our elders are vulnerable to exploitation, abuse and neglect at the hands of those who are supposed to be taking care of them. Elder law attorneys specialize in serving the legal needs of elders and their families.
#elderabuse
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An estate plan is an invaluable tool when it comes to protecting your family, your wealth and your legacy. For individuals with multiple children, the first instinct might be to divide their estate equally between them all, and in the same manner: everyone feels included, and everyone is given an equal share.
#estateplanning
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Many people only seek legal advice when they need it: when a loved one has passed, when they are being brought to court, when they are facing criminal charges, etc. Tennessee Business owners and operators, however, should seek legal counsel long before they think they need to, in order to ensure that their businesses are running smoothly, and are in compliance with all local, state and federal laws and regulations.
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Most people set up their estate plans to protect themselves, their families and their businesses. When you are part of a “blended” family, though, the way you approach your estate plan may change. Once such tool to accomplish this is the Qualified Terminable Interest Property, or QTIP, trust.
#QTIP #trust
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When you are doing research into the kind of legal help you, or your loved one, may need, you’re going to notice these three terms – elder law, elder or life care, and estate planning – pop up over and over again. That is because they’re all interrelated. What they are not, however, is the same. Today, we want to take a look at what each of these phrases means, so that you can make better-informed decisions about your needs and goals for the future.
#estateplanning
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As an estate planning attorney here in Franklin, one of the things John Burns does is help his clients plan for a future where they may need someone else to make health decisions for them. In the world of life care planning and elder law, those same concerns apply. All too often, however, people think so far ahead, they forget to plan for an immediate crisis: a sudden illness, an unexpected injury, a bone-breaking fall, etc.
#estateplanning
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