Divorce can drastically change your financial circumstances. After your divorce, you’re likely to be left with decreased household income, fewer cash reserves and assets, and more individual expenses that you’ll be responsible for paying. Does that reality have you...
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Year: 2022
How can I prepare for my property tax appeal?
Real estate law has a lot of ins and outs, but one that touches every property owner is property taxes. And, as real estate values have soared, so have many property owners’ property taxes. This explains why so many are now appealing their real estate tax bills. Step...
How do the IRS and Alaska tax an LLC
Entrepreneurs who seek to create a limited liability company (LLC) must consider six topics before they start: incorporation, structure, operations, prospects for expansion, taxation, and dissolution. Operating agreements usually address most of these issues....
Advance healthcare directives are for everyone
When it comes to estate planning, it’s easy to assume that it’s mostly for older folks. But there are some aspects that can be helpful at any age. Advance healthcare directives are one of these aspects – accidents and unexpected illnesses can happen even to the young,...
Is intellectual property licensing a good idea?
Businesses are always on the lookout for ways to maximize profitability and add additional income streams. This is why intellectual property licensing can be such a boon for established Juneau, Alaska, businesses. Intellectual property licensing? Intellectual property...
What happens to pets in divorce?
Alaska families have strong attachments to their pets, and the long winters can be much more comfortable with a companion animal in the home. But challenging issues of social isolation and work-from-home necessities of the past couple of years have caused many couples...
Risk assessment strategies for Alaska businesses
Juneau business owners know how and when to take on risk to stay ahead of the game. Remaining competitive means taking a gamble to win one. But it is the unseen potential for risk that can create unnecessary liability, whether it is within the company between...
How a special needs trust can help an ill or disabled family member
The government provides several financial assistance programs intended to help chronically disabled or ill persons meet their health care and living costs. Virtually all of these plans have income limits that control eligibility for each program. A special needs trust...
Should I fight for the family home in a divorce?
For many Juneau couples going through or on the brink of a divorce, their family home is one of their most valuable financial assets. More than that, each spouse might have strong emotional and other attachments to the family home. If a couple has children, the...
Estate planning for second marriages
Many couples in Southeast Alaska are in their second (or third+) marriage. Although a new marriage can be a fresh start from the death or divorce of a spouse there are important things for a couple to consider when it comes to estate planning. Remarriage can bring up...