Why Is Probate Necessary?
Mandatory Litigation Probate is almost never voluntary. It is compelled. Why is probate necessary? When a person dies, it has been a nasty habit of humanity from the dawn of time for people to show up to rip off the dead guy. Dead people have no natural defenses. They can’t fight back. They no longer…
Read MoreMember Managed LLC’s are a Bad Idea
Is a Member Managed LLC a Good Idea or a Bad Idea? With rare exceptions, Member Managed LLC’s are a bad idea. In spite of this, the most common form of LLC structure is Member Managed. Sadly, almost all CPA’s and even some attorneys have no idea that a Member Managed LLC fails to accomplish…
Read MoreSplit Interest Gifts
Split Interest Gifts An asset or property can be divided up in many ways. We can divide if geographically by putting a fence down the middle. We can dividing it over time by renting or leasing it. A split interest gift divides property into two parts. One is gifted, and the other is retained. The…
Read MorePhilanthropy Protection Act of 1995
HR 2519 RDS 104th CONGRESS1st SessionH. R. 2519IN THE SENATE OF THE UNITED STATESNovember 29, 1995Received AN ACTTo facilitate contributions to charitable organizations by codifying certain exemptions from the Federal securities laws, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,…
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