2024

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  • How does an Intentionally Defective Grantor Trust (IDGT) work? Photo
    How does an Intentionally Defective Grantor Trust (IDGT) work?
    Zell Law, PLLC ·
    An Intentionally Defective Grantor Trust (IDGT) is a type of grantor trust, which means the grantor pays the income tax earned by the trust. When you hear the term “intentionally defective,” you may think the trust is broken or somehow ineffective. An IDGT is a trust that is “defective” only because it is ignored for income tax purposes. The IDGT is very effective by helping beneficiaries avoid gift and estate taxes.
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  • 🚨 BREAKING NEWS: FTC's Non-Compete Ban Halted Nationwide! 🚨 Photo
    🚨 BREAKING NEWS: FTC's Non-Compete Ban Halted Nationwide! 🚨
    Zell Law, PLLC ·
    The U.S. District Court for the Northern District of Texas has struck down the Federal Trade Commission's (FTC) rule banning most non-compete agreements. This groundbreaking decision, effective August 20, 2024, has far-reaching implications for employers and employees across the United States.
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  • How Do I Pass My Business On To The Next Generation? Photo
    How Do I Pass My Business On To The Next Generation?
    Zell Law, PLLC - Blueprint for Wealth ·
    Passing on your business to the next generation by creating management (how your business will be managed if you are gone) and business succession plans (how your business will be owned) will help you get the most value for your business and hopefully, avoid hurting family and business partners. (Read more...)
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  • 7 Reasons to Hire an Experienced Estate Planning Attorney Photo
    7 Reasons to Hire an Experienced Estate Planning Attorney
    Zell Law, PLLC ·
    Discover when to avoid online estate planning tools and hire an attorney for your estate planning needs. This blog explores 7 key scenarios where hiring an experienced estate planning attorney is advisable, including complex family dynamics, significant assets, estate tax considerations, special needs beneficiaries, out-of-state or international assets, charitable giving, and concerns about will contests.
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  • How Does A Charitable Remainder Trust Work? Photo
    How Does A Charitable Remainder Trust Work?
    Zell Law, PLLC ·
    Of the various charitable planning techniques that people use either before or after an exit, one of the most popular techniques - particularly as interest rates rise - is known as the charitable remainder trust (CRT). In a CRT, you’re giving a portion of your business interest to a trust that ultimately, at the end of the term or your life expectancy, will be paid out to the charity.
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  • FTC Bans Non-Compete Agreements: What Employers Need to Know in 2024 Photo
    FTC Bans Non-Compete Agreements: What Employers Need to Know in 2024
    Blueprint for Wealth ·
    Noncompete agreements are legal contracts that restrict employees from working for competitors or starting competing businesses for a specified period and/or within a certain geographic area after leaving a job. These agreements aim to protect employers by preventing former employees from using proprietary knowledge or trade secrets in competing ventures. However, the Federal Trade Commission (FTC) has recently finalized a rule to ban most noncompete agreements nationwide, effective September 4, 2024. This move is intended to promote competition, increase wages, and foster innovation, though it has sparked controversy regarding its impact on businesses' ability to protect trade secrets and make long-term investments in their workforce.
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  • What is a Self-Canceling Installment Note (SCIN)? Photo
    What is a Self-Canceling Installment Note (SCIN)?
    Blueprint for Wealth ·
    Discover the power of Self-Cancelling Installment Notes (SCINs) for family business transfers and estate planning. Learn how SCINs work, their tax benefits, and when to use them. Explore the advantages of SCINs in minimizing gift and estate taxes while transferring property between family members. Understand the impact on your estate and the income tax rules surrounding these financial instruments. Optimize your wealth transfer strategy with expert insights on Self-Cancelling Installment Notes.
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  • What’s So GREAT About GRATs? Photo
    What’s So GREAT About GRATs?
    Zell Law, PLLC - Blueprint for Wealth ·
    A Grantor Retained Annuity Trust (GRAT) is a tool used by people who want to reduce estate and gift taxes. There are also Rolling GRATs and Zero'd Out GRATs. A GRAT holds high growth assets that are appreciating in value faster than the Section 7520 rate.
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