Stories and insights about how you can have greater peace of mind and No More Tears

Are You Taking Advantage of the 199A Tax Deduction?

September 3, 2019
/ Advisors Business Owners Current Affairs Estate Planning Farm Families Legacy Planning Married Couples Parents Planning Process Retirement Planning Risk Settlement of Estates Singles Tax Tax Planning Trusts Wills Wills & Trusts Young Affluent Young Families
/ By Tom Lofton

Since it went into effect on January 1, 2018, our law office has been receiving a LOT of inquiries about the new IRC §199A deduction. Most don’t understand it and those that do aren’t sure exactly how to take advantage of it, or if it even applies to them. Allow me to try and simplify […]

What is “The QBI Pass Through” (simplified) and How Does it Help Me as a Business Owner?

August 21, 2019
/ Advisors Asset Protection Business Formation Business Owners Farm Families International Individuals and Families No.More.Tears. Planning Process Real Estate Risk Special Assets Tax Tax Planning
/ By Tom Lofton

Unfortunately, like many aspects of the law, the new QBI deduction is complex and regulations to explain the application of this provision have only partially cleared up some of the confusion surrounding its usage. Let me try and simplify this for you so you can hopefully take advantage of all it has to offer.One of […]

What is a “DAPT” and Why You Should Care About It

Let me start by defining what “DAPT” stands for…Domestic Asset Protection Trust. Still confused by what it means? Many are as it isn’t something that is simple and easy to understand in the first pass. I will hopefully help you understand it better and offer you some ideas on how it can be used so […]

Celebrity “Fail” Series… Fail #1…How Prince Failed at Estate Planning

Prince the musician and lack of estate planning

In a world where people envy the lives of celebrities, there are some realities that might not make you quite so envious. One of these areas is Estate Planning. When we think they have it all together we often times discover this is not necessarily the case. When they pass away and their estate plans […]

Estate Planning For Women and the Men Who Love Them

May 15, 2017
/ Blended Families Business Owners Estate Planning Family Issues Farm Families Kids Legacy Planning Parents Planning Process Retirement Planning Risk Special People Trusts Wills Young Families
/ By Tom Lofton

Estate planning is an experience that is equally shared (and enjoyed) by both men and women, husband and wife’s, and partners. While important to both sexes, estate planning often affects women more profoundly. Why? Women live longer on average and tend to marry older spouses, making them three times as likely as men to be […]

Amy Winehouse got her will right

While signers and movie stars are not a large part of my estate planning practice, it is sometimes fun to look at what happens to the “rich and famous” when it comes to their estate planning…at least I think it is fun. Often times we think that just because someone has a significant amount of […]

Back to Basics with Estate Planning

Everyone is unique and their situation is unique. I could put you in a room with 100 people and your situation would have some aspects of uniqueness to it that belongs just to you and you alone. This is what makes us human. Our estate planning and legacy preparations aren’t any different…they are unique. It […]

How to eat an elephant…

March 19, 2010
/ Estate Planning Planning Process Trusts Wills
/ By Tom Lofton

After my meeting last week with Bill and Sally, their situation was so similar to that of many of my clients I thought I would share it and help you see that it isn’t that hard to “eat the elephant.” Aah, it is the age old conundrum. How to eat an elephant? It is a […]

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