GPKLEG Blog
News & Helpful Tips
If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking
Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be
Powers of appointment allow a trusted individual (the “holder”) to adjust how assets are distributed after your death, based on
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick
Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create
Many parents assume an estate plan is only necessary for older adults or those with substantial wealth. However, once your
Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also
A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that
If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the
Do you hold assets such as overseas real estate, foreign bank accounts or investments in international markets? Properly addressing foreign
Your estate plan should be flexible enough to adapt to changing laws, family circumstances and financial situations. If it includes
If you run your business as a C corporation, you may be eligible for a potentially significant tax break for
Would you like your estate plan to support your favorite charity and leave a legacy for your family? Two trust
The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and
A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures
If you’ve invented something during your lifetime and had it patented, your estate includes intellectual property (IP). The same
To help mitigate the financial and health crises related to the coronavirus (COVID-19), on Friday, March 27, 2020, President
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to
Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law
After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small
You may have several different types of trusts in your estate plan. In general, to achieve the greatest tax savings,
The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the