The Law Office of Richard K. Abraham

05/03/2024

Trusts offer estate planning and asset protection benefits that wills do not.

Estate planning attorneys love trusts. Here’s why you might too.

04/03/2024

How to educate your staff and create a culture of cybersecurity across your business.

You have a responsibility to your customers and your business to keep all sensitive data secure. Here are 17 best practices to secure your information.

29/02/2024

Many states don’t set a deadline for executors to pay beneficiaries, but other deadlines can affect the timeline.

There’s no standard deadline for paying beneficiaries of a will, but the probate process averages six to nine months. Many states have no deadlines at all.

27/02/2024

It’s not always enough to have one person responsible for your future health

It’s not always enough to have one person responsible for your future health.

26/02/2024

A new survey released this week from the global information services provider Wolters Kluwer reports that 26 percent of small businesses feel that their organization is mostly prepared to comply with the new Corporate Transparency Act. https://bit.ly/4bNy5wd

22/02/2024

The federal estate tax ranges from rates of 18% to 40% and generally only applies to assets over $13.61 million in 2024. But several states and the District of Columbia have their own estate tax, with lower asset thresholds than the federal government. A few states have an inheritance tax, which is paid by inheritors upon receiving the inherited assets.

The federal estate tax is a tax that's levied on your assets after you die. Most estates don't require filing an estate tax return unless the assets are over $12.92 million in 2023 or $13.61 million in 2024.

20/02/2024

A living trust involves transferring your assets into the trust, often appointing yourself as trustee. Making a living trust part of your estate plan has advantages and disadvantages. If you're considering using a trust, it's highly advisable to work with an experienced estate attorney who can guide you through the process.

How a living trust can help secure your legacy seamlessly and quietly.

20/02/2024

Staying up to date on the ever-changing rules and regulations that apply to businesses can be challenging. An experienced attorney can help clarify any legal obligations of your business.

Learn some surprising laws and regulations that apply to small businesses, with tips to keep your company compliant.

15/02/2024

Estate planning is a powerful phrase with a simple aim: To create a plan to protect yourself and your loved ones in the event of sickness, accidents or death.

Estate planning is not only for the wealthy, it's for everyone. Here's how you can get started.

13/02/2024

For business owners, estate planning takes on added significance. And as in other aspects of business, communication is one of the most powerful tools in planning your estate.

Just as in other aspects of business, conversation wins out in planning for the future.

12/02/2024

Having all the right documents and information handy will help make selling your business so much easier.

Having all the relevant information ready to go before you have a prospective buyer will help make the process so much easier.

09/02/2024

Many business owners jump into the competitive marketplace without doing enough research when it comes to covering their legal bases. Don’t start a business without first thoroughly preparing yourself.

Here's what entrepreneurs need to do to avoid costly mistakes down the line.