Who Owns the Property in a Trust?

Posted in asset protection,trust,trust funds on September 15, 2022

Planning for your family’s future is important, regardless of your assets. Establishing a trust can be a great way to protect assets and ensure your family is taken care of, but it can also be a confusing process. There are many options when it comes to establishing a trust, such as a family trust or… (Keep reading)

Should Your Bank Accounts Be in Your Trust?

Posted in asset protection,trust,trust funds on September 8, 2022

Most people want to ensure that their families will be taken care of after their deaths, but it is not always easy to know how to make that a reality. Establishing a trust is a great way to ensure your loved ones are provided for and receive the correct assets. However, navigating the world of… (Keep reading)

What Happens to Your Pets Once You Pass Away?

Posted in trust,trust funds on January 12, 2022

Do you have a plan for what happens to your pets once you pass away?  There are options.  Though you can’t leave money to a pet when you die you can care for your pet still.  One way is to leave your pet to someone in your trust or will.  You can choose the person and make sure that… (Keep reading)

Trust Fund Criminal Penalties

Posted in Firm News,IRS,tax planning,trust funds on August 21, 2013

When it comes to employee tax withholdings, business owners can be sentenced to jail if they aren’t careful. In July, Richard Whatley of Salt Lake City was sentenced to a maximum 51 months on federal prison for willful failure to account for payroll taxes. On top of that, he must pay $540,000.00 in restitution. This… (Keep reading)