Using a Gun Trust in Your Estate Plan

by Mark J. Kohler | Jun 13, 2022 | Estate Planning, Financial Advice, Legal Tips, mjk

A Gun Trust is a trust specifically created to hold firearms and work in unison with your Will or Revocable Living Trust. It’s not made to replace your Estate Plan, but enhance it and also hold Title II NFA guns and protect you from violating federal law.  These...

Creative Trust Provisions for Your Children

by Mark J. Kohler | Jun 1, 2022 | Estate Planning, Financial Advice, Retirement planning

Many parents and grandparents don’t realize how creative they can be in distributing their assets to their children upon their passing. They also think it’s only for rich people and it’s an expensive process with high-powered attorneys. That’s...

Estate Planning for Your Pets

by Mark J. Kohler | May 27, 2022 | Charity, Estate Planning, Financial Advice, Legal Tips, Tax planning

Recent surveys have shown that over 95% of pet owners consider their pets to be family members. Add to the fact that 85+ million American households own a pet of some kind, this is a lot of “family” members that may be getting shafted in estate plans. A proper...

Do I Need a Living Trust?- What You Need to Know

by Mark J. Kohler | May 24, 2022 | Estate Planning, Financial Advice, Legal Tips, Uncategorized

If you own any type of real estate, including a personal residence, have children, own a business, have a retirement account, or even life insurance you need a Trust! Sound bold? It’s not…Simply stated here’s why: Real estate – Even with a...

Learn What Not to Do: The Ballad of Prince’s Estate

by Mark J. Kohler | May 17, 2021 | asset protection, Estate Planning, Legal Tips, Retirement planning, Uncategorized

Most people will agree that Prince could write great pop music, but regrettably, he couldn’t even write a simple Will. Because of this major oversight, his estate has been an ongoing mess for over 5 years and there’s no sign it’s ending any time...

Has the Estate Tax Been Repealed and What About the Gift Tax?

by Mark J. Kohler | Jan 2, 2018 | Business, Estate Planning, Real Estate, Tax planning, taxes

There has been a lot of talk about the myriad of tax law changes with the passage of the “Tax Cuts and Jobs Act” (TCJA), but let’s not forget about the estate tax. One of the biggest assets for an entrepreneur is their business and the Estate and Gift tax...