Craig's Corner - Wealth Planning Insights

Monday, May 22, 2017

What Should I Include In My Nevada Business Succession Plan?

Family-owned businesses are the bedrock of the United States economy. A family-owned business is one that is wholly owned by a family and usually has two or more family members such as a father/mother, father/son or brother/sister involved in its management. It is estimated that family-owned businesses are responsible for 78 percent of US job creation and 50 percent of the country’s GDP.

Sadly, many family-owned businesses fail at the succession stage. More than 70 percent of these businesses do not survive transitioning to the second generation.
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Thursday, April 27, 2017

Estate Planning During a Period of Shifting Tax Laws

Should I make my estate plan now or wait for tax law changes to come?

President Trump has promised significant tax reforms, but these changes have not yet been implemented.  As we all wait to see what tax laws will alter under President Trump, many Americans are wondering whether they should make an estate plan now or wait until more definite tax policies are in place. Our Nevada estate planning attorneys at Stone Law Offices, Ltd.
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Monday, April 17, 2017

4 Things You Need To Know Before Planning Your Estate In Nevada

Estate planning is a tool to manage the transfer and distribution of an estate after death. It is important because it provides estate owners with a way to have control over the distribution of their property after their death. The process of creating an estate plan can be complicated, so talking with a Nevada estate planning lawyer can be invaluable.
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Sunday, March 19, 2017

Protecting Your Child with a Special Needs Trust

How can a special needs trust financially assist my child with special needs?

Nearly one in five people or roughly 50 million people across the United States have some form of disability, with an estimated 24 million being severely limited.  Having a disabled child can be challenging, but also comes with immense rewards.  The parents of disabled children face unique issues in ensuring their children receive the care they need, including ongoing medical care.  One of the best ways that the parents or guardians of disabled children can guarantee their children receive the greatest care is by creating a Read more . . .

Thursday, March 16, 2017

How do I choose my business structure?

Starting a business is usually very exciting. But choosing the right type of structure for your business can be confusing. There are a lot of legal structures you can choose from, and all have their advantages and disadvantages.

The decision that you make could have a big impact on the type of paperwork you fill out, the type of liability you might face, and the amount of money you pay in taxes. If can also affect how future business partners and investors might deal with you.
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Friday, March 3, 2017

Finding Success Through Franchises in Nevada

What are some mistakes I should avoid when starting a franchise?

Franchise businesses offer entrepreneurs the opportunity to open their own business using a proven business concept and model. While purchasing into an existing franchise or even starting your own franchise can lead to much business success, there are important factors you should consider. All small businesses come with some risk, but these risks can be mitigated with the assistance of a Nevada business planning attorney.

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Monday, February 27, 2017

Why a Will Can’t Wait

Why is it so important for me to have a will?

None of us wants to contemplate death, which is likely the reason that fewer than half of all Americans have a will.  Estate planning can be a difficult topic to tackle and many people simply put it off, at times until it is too late.  Creating a will is critically important for the preservation of your property and your legacy.  

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Tuesday, January 31, 2017

Updating Your Estate Plan for the New Year

When should you update your estate plan?

The New Year is traditionally a time to clear the deck and start fresh. This makes the early months of the year a fine time to revisit your estate plan. Make sure it is current and reflects changes in your life -- events, sentiments, income level, tax structure, etc.  An outdated estate plan is dangerous; it can result in confusion and resentment among loved ones, not to mention unwanted taxes or a contested will.

A sudden occurrence, like an unexpected death or a change in health status, can make your previous decisions obsolete in an instant.

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Thursday, January 26, 2017

Customizing Your Will for Your Particular Offspring

Is is ever appropriate to treat your children differently from one another in your estate plan?

Although we all know that it is important to be careful to treat your children fairly as you craft your estate plan, we should also be aware that fair (“equitable”) treatment is not necessary “equal” treatment. In fact, there are times when treating two children equally is patently unfair. For example, to give equal allowances to a 4-year-old and a 14-year-old would be unfair, since one has more expenses, more mature understanding, and more responsibilities. In the same way, leaving all of your children equal portions of your estate may be unfair to one who has special needs or one who is in a particularly difficult situation. In making decisions regarding equitable distribution of your estate to your children, it is essential that you discuss your plan with

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Friday, December 30, 2016

Estate Planning Tips for New Parents

Why should new parents have an estate plan?

Having a child is a time of great joy, but becoming a parent also comes with a number of concerns. While no one wants to think about dying or becoming disabled when a child is born, this is the time to think about the future and make important decisions about how to best protect your family. In short, it is essential for new parents to create an estate plan.

Estate Planning 101

Many are aware that having a will is necessary for determining how their assets will be distributed after they die. But the fact is that more than half of Americans do not have this most basic estate planning document in place.
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Monday, December 26, 2016

Buying an Existing Business

What are the necessary steps in buying an existing business? 

Many entrepreneurs feel that there is less risk involved in buying an existing business than in starting a new one. Still, it is imperative that you investigate the proposition thoroughly before taking the plunge. Having an experienced, skillful business attorney is essential.
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S. Craig Stone II of Stone Law Offices, Ltd. serves clients throughout Clark County, Southern NV, Las Vegas, Henderson, Boulder City, North Las Vegas, Summerlin, Carson City, Reno, Washoe County, and Nye County. Also serving clients with asset protection nationwide.

© 2017 Stone Law Offices, Ltd. | Disclaimer
3295 N. Fort Apache Road, Suite 150, Las Vegas, NV 89129
| Phone: 877-800-3424

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