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Protect Your Digital Legacy

Digital legacy planning with Siegel Law Group.

Are you worried about your digital legacy? Don't leave things to chance, let's work together and start planning now. Proper estate planning is important to ensure that last wishes, assets, and accounts are handled properly when you or a loved one passes on. The rise of the internet and social media in the last twenty years has created a new exigence for wills and trusts - handling the digital legacy of the deceased. Without usernames and passwords, it may not be possible to recover some digital assets or access online accounts. A recent, tragic...

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What’s New for Business Owners in the New Tax Law

What’s New for Business Owners in the New Tax Law

What’s New For Business Owners In The New Tax Law?   Here at Siegel Law, we know you have a lot of questions about how this new tax law may affect you and your business. Luckily we’re here to help navigate you through this and ensure you have a full understanding of what's going on. We want to help you determine whether the new section 199A deduction will be available to you. With careful planning and you may be eligible for some financial benefits under this new law. Eligibility The new deduction will begin in 2018 and is available to qualified business and trade...

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Why You Need To Protect Your Digital Assets

digital assets

When you consider how to best prepare your estate, what comes to mind? Of course, you want to sort out real estate you own, valuable jewelry and family mementos. You’ll also need to discuss things like vehicles and insurance policies. But what about your digital assets? The average person visits nearly 100 separate websites a month. Some of those may be solely for entertainment purposes, but you have digital assets if you’re active online. Some examples: Social media sites Pictures, videos, and text messages Email accounts Personal websites Bank, credit union and investment accounts Cloud storage sites like iCloud and Google Drive In some cases, these digital assets...

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Buy-Sell Agreements for Business Planning

Many people don’t realize their biggest asset is often their business. This month, we’ll cover what it means to protect your business with a buy-sell agreement. What is a Buy-Sell Agreement? A buy-sell agreement is a written agreement among business owners in which each person agrees that upon circumstance, their shares will be sold to the surviving owners at a specific price. Through this agreement, each owner commits to buying the shares of their absent co-owner upon the occurrence of a specified event, such as death, disability, financial trouble, or termination of employment. It is crucial for business owners to have a buy-sell...

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Managing Your Digital Assets

Death is a topic that most people try to avoid talking about. But with the rise in social media over the past decade, many might wonder, “What happens to my Facebook profile when I die?” It can even be said that one may question where their most treasured Facebook photos end up, or who will have access to their accounts after they’ve passed. In a world that relies heavily on the Internet and social media interactions, each year this question becomes more frequent. So, where does all of your personal information go when you die?  How do you protect your...

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