New Law Update: Corporate Transparency Act
At Iddins Law Group, we pride ourselves on being trusted legal advisors to our clients. As part of that role, we strive to keep our network informed of any updates or changes to the law which may impact them or their clients. Please review the important legal information below. Corporate Transparency Act. As of the […]
This year, resolve to write your estate plan — for you and those you love!
At the start of the year, many of us take the opportunity to look back on past accomplishments and make plans for the year ahead. Perhaps there’s a habit you’d like to leave behind in 2022, and some work you can do to help 2023 go a little smoother. This year, resolve to tackle your […]
Wills and Trusts: Choosing the Tool That’s Best for You
Wills and trusts are both used to distribute your estate after you die, but they’re not the same. “If a will is a map with directions from A to B, a trust is a car with a built-in GPS,” says Rob Iddins, managing law partner of Iddins Law Group. “The majority of our clients only need a […]
What Happens If You Don’t Prepare a Will?
You spend your entire life tirelessly earning money to provide comfort, shelter and safety for yourself and your family. When you die, do you want that wealth to go to someone you haven’t talked to in 30 years? “Estate planning is an easy thing to procrastinate on! Most of us would rather not do paperwork, […]
Fall 2022 Newsletter
Introducing the Iddins Law Group, PS! In January of 2021, we officially changed our name from the Gagley Law Group to the Iddins Law Group, PS. Our clients that have visited us in the past year may have noticed our updated and remodeled office and enjoyed the variety of beverages and snacks we offer. We […]
How to Choose a Guardian
Your kids deserve great people looking after them. Thank goodness they have you! But without you, who would take care of them? The next person in line is your kids’ other parent, and that’s usually a good choice. But if both of you die, or if you’d rather the other parent not have custody at […]
Myth-Busting Matters: Wills & Trusts Are The Same
Wills and trusts. Trusts and wills. Often used in the same sentence, placed under the same area of law, and carrying a similar sense of fancy legalese. New clients regularly call us asking for one or the other, and are confused when we differentiate them. Aren’t they the same? By no means! While they can […]
Death Taxes: Where We Are Headed
Tax laws are in constant flux, and can have a significant effect on your estate planning needs. This goes doubly so for large estates. While it is wise to consult an accountant on the minutiae, we thought it best to discuss two prominent tax exemptions, and their influence on your estate planning. They are the […]
A Brief Guide to Stepped-Up Cost Basis
What is Stepped Up Cost Basis and how is it important? Below is our brief guide! In a nutshell, stepped-up cost basis saves you capital gains tax! What’s that? It’s the tax on the value of an asset paid when you sell it, based on the increase in that value (called the adjusted cost basis). […]
5 Reasons You Need an Estate Plan
Your estate plan. One of America’s least favorite topics. But taking the time now can save a heap of trouble later. Here are five reasons you should have an estate plan. Appointing a Personal Representative Your Personal Representative (also known as the PR, or the Executor), will be the one to manage your estate when […]