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Dillon Law Group PLC January 2018 - Dillon Law Group PLC
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Qualities to Look for in a Guardian

Posted on : January 31, 2018, By:  George Dillon

When parents of minor children prepare a Will, they typically name a guardian to raise their children if they pass away. For some, it’s an easy decision. There’s a close relative or friend who’s perfect. For others, though, choosing the right guardian can lead to much soul searching. Knowing what qualities for look for in […]

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How Tax Reform Will Affect Your Estate Plan

Posted on : January 29, 2018, By:  George Dillon

Laws seem to change frequently. Sometimes there’s so little fanfare, we don’t know what hit us when the law finally affects us. Tax reform, while we did see it on the news a lot, may still be somewhat of a mystery to most of us. However, even your estate plan may be affected by tax […]

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Estate Planning for the Business Owner

Posted on : January 27, 2018, By:  George Dillon

If you own a business, you know the hard work and planning that go into building something. A business, especially a family-owned one, may be one of the most valuable assets in an estate. That’s why estate planning is so important for business owners. Careful estate planning geared with the business owner in mind can […]

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5 Year-End Business Issues to Review

Posted on : January 26, 2018, By:  George Dillon

As the new year begins, we often reflect on our actions during the past year and our goals in the coming year. The same is true for businesses. Before and after the end of the fiscal year, companies need to take a few minutes to review action items for the coming year.   Are Your […]

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The Pour-Over Will and Living Trust

Posted on : January 24, 2018, By:  George Dillon

What’s a pour-over Will and what does it do? Well, if your Grandpa Herman created and transferred assets to a living trust, then accumulated more assets before his death. His new acquisitions were not made part of the trust assets, so they passed to beneficiaries as part of his residuary estate. But that’s not what […]

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Contract Law and Your Business

Posted on : January 22, 2018, By:  George Dillon

Starting a business means making many decisions, taking care of many details. One thing you’ll want to do is put together standard contracts for your business. Most of us don’t know the ins and outs of contract law, but it’s important to get all the ‘fine print’ right. You May Need Several Contracts to Meet […]

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Protecting Assets Through Offshore Accounts

Posted on : January 19, 2018, By:  George Dillon

We all have things we’d like to protect, from our cars to homes to investment accounts. We use strategies and plans to safeguard them from as many risks as possible to protect them for our use and for our heirs. One way of protecting assets from loss, creditor claims, and civil judgments, involves transferring them […]

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Directed Trusts: Why One Might Work for You

Posted on : January 17, 2018, By:  George Dillon

A trust generally consists of three parties: the settlor who creates and funds the trust, the trustee that manages the trust assets, and the beneficiary who receives money from the trust.  A directed trust, however, adds an additional trustee. When you or your family are considering setting up a trust, you may want to discuss […]

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Taking Over the Family Business

Posted on : January 15, 2018, By:  George Dillon

Maybe your parents recently announced they want to retire from the family business and travel around the world. Or perhaps one or both of your parents have passed on. No matter the reason, there may come a time when you have to take over the family business. Why Would You Consider Taking Over the Family […]

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Celebrity Estate Planning Mistakes, Part I

Posted on : January 12, 2018, By:  George Dillon

Actor Phillip Seymour Hoffman died at age 46. He left behind his long-time girlfriend, three children, an estate worth about $35 million – and a tangled estate mess. Didn’t Set Up Trust for Children Some reports state Mr. Hoffman did not want his children to become “trust fund kids” so he just left everything to […]

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