Representative Alexandria Ocasio-Cortez (D-NY), one of the new class of legislators in the House of Representatives has suggested the rate of income taxation for high-earners be raised. She is suggesting a top rate for those making over $10 million per year be increased to 60% or 70%. She’s suggesting the proceeds could be used for […]

We’ve been preparing a webinar on how to find the right staff and build a great team. I’ve been collecting a lot of the recommendations we make for law firm owners to create and cultivate a team of A Players…. it’s not an easy job! The topic of staffing ranks high on the list of […]

As I noted in a prior article, states are all over the board on their income taxation. An individual in a state with a high state tax rate could use a nongrantor trust to hold some of their income-producing assets and thereby avoid state income taxation on the income from those assets. Briefly, trusts may […]

For a long time, word of mouth was the original reputation maker or breaker. If you live by the opinions of others like I do when it comes to selecting a new restaurant, service provider, or product – online reviews are the today’s word of mouth. According to a 2013 ZenDesk survey, 90% of Customer […]

In this article, I’ll explain state income taxation in general. In the next article, I’ll look at how states tax trusts in particular.Everyone knows (or should know) that the federal government taxes the income you earn. But, depending where you live and how you earn money, states may tax your income, too. States run the […]

You’ve worked hard to establish your practice; If you’re anything like our Academy Members, you have vigorously studied your area of law, accumulated valuable experience, and are on the path to creating a lasting legacy through your dedication to helping clients and investing in your firm. Maybe you’ve done some marketing and made efforts to […]

Often, the smallest things have the most sentimental value. Your grandmother’s silverware or your grandfather’s railroad watch could connect you to them in a special way. Your mother’s ring or your father’s Boyscout bugle could hold a special place in your heart. Your sports memorabilia could connect you to one of your children in a […]

On January 23rd at 12pm PT / 3pm ET we’re having a free webinar featuring Academy Members from around the country! This webinar is hosted by Ohio Estate Planning Attorney Jack Alpern, and Co-Founders of the American Academy of Estate Planning Attorneys, Robert Armstrong and Sanford Fisch. We’re inviting non-Member motivated entrepreneurial attorneys who are […]

Seventeen states now allow for self-settled Domestic Asset Protection Trusts (“DAPTs”). Those states are Alaska, Delaware, Hawaii, Michigan, Mississippi, Missouri, Nevada, New Hampshire, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Virginia, West Virginia, and Wyoming. What is a DAPT? Each state has its own rules. Typically, in order to obtain the protections of the […]

Online searches are becoming more and more localized with each passing year. In fact, 46% of all Google searches are now local. With over 3.5 billion total searches per day, that translates into a lot of local consumers. Many of those represent prospects right in your own community looking for the very services you offer. […]