Blog
Cryptocurrency and NFT’s in Estate Planning
Coinbase, the largest crypto currency exchange, has more than 68 million verified users. To put that into perspective, TD Ameritrade has 11 million accounts, Charles Schwab has 14.1 million accounts, and Fidelity has 83.4 million accounts.[1] Over the past few months, there has been both a wide-scale acceptance of cryptocurrency and lower barriers of entry in investing in the crypto market…
Moving From Out of State and Updating Your Estate Plan
Many people are aware that virtually anyone can form a South Carolina limited liability company (“LLC”) online without the assistance of an attorney. This is not true of corporations, because an attorney must sign a certification contained in the Articles of Incorporation. Many people are also aware that an LLC may elect to be treated as a corporation for tax purposes…
The Truth About Relieving IRS Tax Debt
I grow weary of hearing the misleading advertisements on television by people claiming to be tax experts who are miraculously able to make IRS tax debt disappear. Many of those making these claims have been stopped based upon false advertising actions taken by various Attorneys General of states willing to take that action…
Why Do I Need an Estate Plan?
I’ve heard this question in just about every conceivable form from friends and colleagues alike. People our age tend to think Wills and Estate Plans are only for our parents and grandparents, or the uber rich. While it is true that our parents and grandparents need estate plans, and that Mark Zuckerburg and Manny Machado need estate plans too; the truth is so do you…
Extension of §1031 Time Periods
Most people are at least vaguely aware of Section 1031 of the Internal Revenue Code and its provisions that don’t just permit, but require, that no gain or loss be recognized on sales of real property that fall within its scope. Real property subject to §1031 is any property held for investment (as opposed to personal use) or for productive use in a trade…
Be Careful When Forming Your Own LLC Without Professional Advice
In November 2020, Myrtle Beach was named by U.S. News and World Report as the fastest-growing place in the U.S.[1] Having been born and raised here in Myrtle Beach, the growth and change along the entire Grand Strand has been astounding to witness. Myrtle Beach has become a true destination for families and retirees alike. Unfortunately, when people move to the Grand…
