A Single Member LLC is not enough protect from the creditor claims. The LLC is used as a pass-through for income and expenses. Many financial advisors believe the charging order defines the creditor as a “substituted limited partner for tax purposes.” Brief description on fraudulent conveyance and civil conspiracy in the LLC. Watch the video on Single Member LLC: Charging Order, Creditor Claims, Pass-through Like...
What is the definition of a gift tax? What are the gift tax exemptions and stipulations? How to avoid gift taxes within the family, with tuituion expenses, medical expenses and chartiable organization donations? Any time you give someone money or property you may be subject to paying a gift tax. The federal government has established guidelines for gift tax exemptions and gift tax rates for all property...
About inheritance tax: discuss the differences of an inheritance tax and estate tax. What are the inheritance tax exemptions? How to protect yourself from inheritance tax by creating a trust or gifting with a charitable gift annuity. What is the Inheritance Tax Rate? There is no such thing as a federal inheritance tax rate. The inheritance tax is imposed on a state level, and not all states...
