Road to Recovery | Coronavirus Stock Market Insight Series

We have invited Harvard educated economist, Dryden Pence – – who regularly appears on TV at Fox Business News, CNBC, and Bloomberg Business – – to address these burning questions in the minds of so many estate planners (and their clients) during these difficult times, including but not limited to: How bad will this Coronavirus pandemic get? How long will it last? How will it affect the economy? How will the Federal Stimulus work? When will businesses re-open? What can we expect in the stock market in the coming months? Source: YouTube DISCLOSURE: The opinions voiced in this material are for…

FREE Hybrid Domestic Asset Protection Trust Client Acquisition Slideshow

Nationally renowned estate and asset protection attorney, Steven J. Oshins, J.D., AEP (Distinguished), has released a FREE Hybrid Domestic Asset Protection Trust (“Hybrid DAPT”) client acquisition slideshow. Whether you’re an attorney, CPA, financial advisor, life insurance agent or trust officer, spend less than 8 minutes to check out this slideshow and use this free tool to educate yourself, your clients, and your prospective clients on the Hybrid DAPT concept! DIRECT LINK Related Education If you’re interested in learning more about the Hybrid DAPT, you might also be interested in the On-Demand presentation that Steve Oshins has on this topic.  For…

When Life Hands You Lemons, It Might Be Time to Throw Them Out!

By Kristina Schneider, Practice-Building & Marketing Specialist There’s a saying, “When life hands you lemons, make lemonade!” That’s definitely a very positive way of looking at things and during these current challenges that so many are going through right now, there’s certainly a great deal of lemons being handed to us right now. There are definitely some opportunities here to make some lemonade though, but I am also going to share another piece of advice that (frankly) I’m sure some of your staff might not want to hear either. Let’s Make Lemonade! So, let’s start off with something positive and…

Helpful Resources for Executing Documents During Pandemic

EDITOR’S NOTE: Many estate planners are grappling with how to execute documents without an in-person client meeting and yet still have them considered valid.  This article helps shed some light on this issue.  Thank you to attorney, Susan K., for passing along this fantastic article to us. Application of the Harmless Error Doctrine in California and Beyond By Jessica Uzcategui of Sacks, Glazier, Franklin & Lodise, LLP THE HARMLESS ERROR DOCTRINE The traditional definition of a “will” is changing. Historically, courts insisted on strict compliance with will formalities. In California, this meant that a will had to be signed by…

The 11th Annual DAPT State Rankings Chart Released!

By Steven J. Oshins, Esq., AEP (Distinguished) It’s that time of year again!  The time when estate planners hold their breath, anxiously awaiting the release of the Annual Domestic Asset Protection Trust State Rankings Chart.  Where will their favored jurisdiction land? The 11th Annual Domestic Asset Protection Trust State Rankings Chart was created to serve as a single page guide to various states’ DAPT statutes.  The states are ranked based on various material factors that are important in selecting a situs for the trust.  Although the weights that are applied to different variables are subjective, the methodology used is likely very similar…

What Things You Can Learn From (and During) This Crisis

By Kristina Schneider, Practice-Building & Marketing Specialist There’s no denying that what we are all experiencing right now is certainly uncharted territory and unlike anything any of us have ever gone through.  And, while the news reports and uncertainty that we may be surrounded by right now may create a lot of stress and concern, what I will say is that I do think that there’s a lot of silver linings and positive lessons to be learned from all of this right now.  Here are just a few things that I think this whole COVID-19 crisis has brought to light (at…

How the Hybrid Domestic Asset Protection Trust Has Changed the Entire Asset Protection Industry

By Steven J. Oshins, Esq., AEP (Distinguished) The Different Asset Protection Options There are three main trust options:  Domestic Asset Protection Trusts (“DAPTs”), Foreign Asset Protection Trusts (“FAPTs”) and Hybrid Domestic Asset Protection Trusts (“Hybrid DAPTs”). Domestic Asset Protection Trusts A traditional DAPT is an irrevocable trust set up under the laws of one of the 19 states that allows such a trust.  The person setting up and funding the trust (the “settlor”) does not need to reside in one of those 19 jurisdictions.  Under the statutes of each of those jurisdictions, after a certain waiting period, the assets transferred…

Congratulations to Steve & Elena Oshins!

We wanted to extend our sincerest congratulations to our fellow colleague, Steve Oshins, and his wife, Elena.  On Wednesday, March 25th at 1:46am, they welcomed a brand new baby girl into the world—Tiffany Alexis Oshins. Both mom and baby are doing great!  Steve and Elena are enjoying their time as parents to their beautiful baby girl!  ♥ If you wish to extend congratulatory wishes to Steve and Elena, feel free to do so in the comments below!

Top 6 Strategies for Managing Interruptions in the Workplace

Download Printable Article By Kristina Schneider, Executive Assistant Check out these startling statistics about interruptions in the workplace! According to a study conducted by University of California, Irvine, people spend an average of 11 minutes on a project before they are interrupted and it takes them on average 25 minutes to get back to the point they were at before a distraction. According to the same study, employees that work in shared workspace (like cubicles) are interrupted 29% more often than people in private offices. According to the Journal of Experimental Psychology, even after just a 2.8-second interruption, studies showed…

The New IRC 199A Pass-Thru Business Deduction: Applying the 28.57% Magical W-2 Formula

By Steven J. Oshins, Esq., AEP (Distinguished) The greatest opportunity business owners received from the Trump Tax Act is the new IRC 199A pass-thru business deduction. This deduction allows certain taxpayers to deduct 20% of their Qualified Business Income. However, not every taxpayer can receive this deduction, so estate planners have a huge opportunity to exploit the new statute by educating themselves with the details of the new statute. For a married couple with taxable income of no more than $315,000 (adjusted for inflation) and for an unmarried individual with taxable income of no more than $157,500 (adjusted for inflation),…