Stone Law Offices, Ltd.

We assist business clients with the formation of new business entities (corporations, partnerships, and limited liability companies, including nonprofits), buy-sell agreements, leases, employment and independent contractor agreements, stock and asset purchase agreements, succession planning, exit plan strategies, and federal tax law. Is your business up to date? If not, we can help. Get in touch with us: https://buff.ly/48CWqT7 #EstatePlanning #BusinessLaw #BusinessPlanning #BusinessStrategy #BusinessLawyer

Wealth Transfer Challenges for High-Net-Worth Families Wealthy families in Summerlin, like their counterparts across the country, face a unique set of challenges when it comes to transferring their assets. Among these challenges are: 🔺 Succession Planning: As family members become more globalized, managing succession planning across jurisdictions becomes more complex. An estate planning attorney with expertise in international law can ensure that your assets are handled correctly across borders. 🔺 Generational Gaps: There is often a divide in values between older generations and their younger heirs. Clear communication and strategic planning can bridge this gap and ensure that the legacy you pass down aligns with your family’s goals. 🔺 Early Wealth Transfers: Increasingly, wealth is being transferred during the lifetime of the family patriarch or matriarch. Engaging in early estate planning ensures that assets are managed and distributed effectively while you are still alive. Consult with an attorney for effective solutions to these challenges. https://buff.ly/48CWqT7 #EstatePlanning #estateplanningattorney #wealthtransfer #greatwealthtransfer

If you have a family member with special needs, then you are well aware of the need for special planning for his or her future. Proper planning can ensure uninterrupted eligibility for public assistance, their long term financial safety net and that any remaining inheritance will remain with your bloodline rather than pass to the government. This applies to the planning of grandparents and perhaps extended family members as well. Are you set up for your children’s future success and financial security? https://buff.ly/48CWqT7 #estateplanning #financialsecurity #specialneedsestateplanning #secureyourfuture #estateplanningattorney

When determining your personal legacy, you may start by asking “What are my core values and motivators?". Your legacy will be a reflection of the values that truly drive and motivate you. While it is often difficult to discern what those values are, or to reduce them to a few words, your core values can generally be uncovered with some meditation on your personal beliefs, behaviors, character traits, and life experiences that have shaped who you are. If you need help further determining your personal legacy, get in touch with us. https://buff.ly/48CWqT7 #EstatePlanning #EstatePlanningAttorney #ProtectYourLegacy #FamilySecurity

Do you have a list of your digital assets? Including a list of your digital assets in your estate plan is crucial for several reasons: 1. Access and Management: Digital assets, such as online accounts, digital files, and cryptocurrencies, often require specific access credentials. Without a list, your executors may struggle to locate and manage these assets. 2. Preventing Loss: Digital assets can be valuable, both financially and sentimentally. A comprehensive list ensures these assets are not overlooked or lost. 3. Facilitating Distribution: Clearly identifying digital assets helps in their proper distribution according to your wishes, avoiding potential conflicts among heirs. 4. Security and Privacy: Providing instructions for accessing and managing your digital assets helps maintain security and privacy, reducing the risk of unauthorized access. By including digital assets in your estate plan, you ensure a smoother transition and effective management of your entire estate. To begin crafting your estate plan, reach out to us: https://buff.ly/48CWqT7 #digitalassets #assetprotection #estateplanning #estateplan

If you live in Summerlin, NV, and haven’t yet created a high-net-worth estate plan, now is the time to act. Our experienced team of estate planning attorneys focuses exclusively on guiding high-net-worth individuals, and we work discretely and thoroughly with our clients in the complexities of wealth transfer. Protect your legacy and provide for your loved ones by requesting a consultation with our firm today. Contact us now to begin planning for your future and ensuring that your wealth remains secure for generations to come. https://buff.ly/48CWqT7 #protectyourlegacy #legacyplanning #estateplanning

Is a significant portion of your wealth in retirement funds such as IRAs, 401ks, TSPs, 403bs? Do you want to prevent your children from withdrawing your entire retirement fund balance in a lump sum? If your children are responsible and financially mature, this may not be a concern of yours. However if this is a concern, then you’ll want to ensure the longest possible stretch period for the withdrawal of retirement funds. In other words, the IRA wants to see the retirement funds paid out more and faster, while taxpayers want to see them paid out as little as required and over the longest possible period. This can be one of the most complex areas of tax planning, so it’s important to consult with an attorney to help you plan appropriately for your unique needs. https://buff.ly/48CWqT7 #EstatePlanning #TaxPlanning #IRAs #StretchIRA #estateplanningattorney

4 Key Estate Planning Steps for High-Net-Worth Individuals 1. Consult a High-Net-Worth Planning Lawyer: Work with a seasoned attorney in Summerlin who understands the complexities of high-net-worth estate planning. 2. Review Your Assets: Assess all your holdings, from real estate to investments, and decide how you want them distributed. 3. Set Clear Goals: Determine who will inherit your wealth and how they will receive it. Consider charitable giving, trust structures, and other tools to meet your goals. 4. Update Regularly: Estate planning isn’t a one-time task. Review and update your plan regularly, especially when life changes like marriages, births, or new financial ventures occur. Schedule a call with an estate planning attorney today: https://buff.ly/48CWqT7 #estateplanning #digitalassetprotection #highnetworth

By far the simplest way to distribute inheritance is outright, directly into the name, hands and social security number of your intended recipient. With this method, once the estate is closed, it’s theirs, for better or worse. For extremely simple circumstances, this may be an appropriate approach, especially if the recipients are responsible, financially mature and the risk of squandering, divorces, lawsuits, and bankruptcies is low. Wondering if this approach is the right one for you? We can help you assess! https://buff.ly/48CWqT7 #EstatePlanning #EstatePlanningAttorney #Inheritance #FamilySecurity

FAQ: What is the unlimited marital deduction? The federal government allows every married individual to give an unlimited amount of assets either by gift or bequest, to his or her spouse without the imposition of any federal gift or estate taxes. In effect, the unlimited marital deduction allows married couples to delay the payment of estate taxes at the passing of the first spouse because at the death of the surviving spouse, all assets in the estate over the applicable exclusion amount ($5,120,000 ) will be included in the survivor’s taxable estate. It is important to keep in mind that the unlimited marital deduction is only available to surviving spouses who are United States citizens. Find more answers to frequently asked questions about estate taxes here: https://buff.ly/47OUNCP #EstatePlanning #estatetaxes #unlimitedmaritialdeduction