Insights & Updates
Estate planning guidance from the attorneys at Meuli Law Office.
4 Estate Planning Myths That Put Your Loved Ones at Risk
Surveys conducted in 2024 by Caring.com and Ameriprise Financial revealed a troubling trend: Americans are falling behind on estate planning. The Caring.com survey revealed that only 32% of Americans have a will - a 6% decline from 2023. The Ameriprise survey found that 52% of couples lack estate plans. These statistics highlight a dangerous disconnect between understanding the importance of estate planning and taking action. Let's examine these misconceptions and their potentially devastating c
5 Essential Strategies for Creating a Business Plan That Works
Every successful journey starts with a map, and your business journey is no different. While many entrepreneurs feel overwhelmed by the idea of creating a business plan, seeing it as just another box to check or a document that will gather dust, a well-crafted business plan can be the difference between steering your business toward success and wandering aimlessly. Let's explore five practical strategies to create a business plan that will actually serve your business. Strategy No. 1: Start Wi
Five Essential Steps to Protect Your Loved Ones in 2025
You know that uneasy feeling when you think about what everyone you love would do, if (and when) something happens to you? That nagging voice reminding you that you still haven't created a will or trust or updated the estate plan you do have? As we enter 2025, it's time to stop pushing those thoughts aside and take action to protect the people you love most. Many people avoid estate planning because they think it will be complicated, expensive, too time-consuming, or emotionally challenging. Bu
Estate Planning Meets FAFSA: Smart Strategies for Asset Ownership
When preparing for college expenses, understanding how financial aid and estate planning intersect can make a significant difference. This article will break down the essentials of how asset ownership influences aid eligibility, offer actionable strategies to increase the chances of receiving aid, and highlight estate planning tools that can protect your wealth while optimizing support for your child’s education. FAFSA and Asset Ownership: The Basics The FAFSA, or Free Application for Federal
BOI/CTA UPDATE: Appeals Court Reinstates – Then Suspends – Corporate Transparency Act Filing Requirement
UPDATE: Many recent changes have occurred related to the Corporate Transparency Act (“CTA”) and the requirement for all business owners to disclose their personal information to the US government. Here’s what’s transpired since a Texas federal court first suspended the CTA filing deadline on December 3, 2024: * On December 23, 2024, the 5th Circuit Court of Appeals reinstated the CTA and its filing requirements for business owners, extending the deadline from January 1, 2025 to January 13, 20
How the Incoming Trump Administration Could Affect Your Business
As we prepare for Donald Trump's return to the White House in January 2025, business owners are naturally wondering how the new administration's policies will impact their operations. From tax changes to regulation rollbacks, understanding what's ahead can help you position your business strategically. Let's explore the key areas likely to see significant changes and what they mean for your company. Tax Changes and Financial Impact The incoming administration has announced several major tax i
The Entrepreneur’s Guide to Sustainable Success: Why Self-Care Is Your Best Investment
As an entrepreneur, you're probably familiar with the concept of ROI (Return on Investment). But have you considered that the most valuable investment you can make might be in yourself? While focusing on business growth, financial metrics, and customer satisfaction is crucial, neglecting your own wellbeing can ultimately undermine everything you're working to build. Let's explore why self-care isn't just a luxury - it's a fundamental business strategy for sustainable success. The Hidden Cost o
Actions to Take Before 2024 Ends to Qualify for Specific Tax Credits
The end of the year can feel overwhelming, but it’s also a time to set yourself up for credits and deductions that can put real money back in your pocket come tax time this April. From the Earned Income Tax Credit to residential energy improvements and even adopting a child, there are a wealth of opportunities to lower next year’s tax bill or increase your refund. Here’s a quick guide to the top tax credits for 2024 and actionable steps you can take now to help you maximize your savings: Need
Start Fresh: Strategic Productivity Practices to Power Your Business in the New Year
The end of the year is approaching, and as a business owner, you're likely reflecting on the past twelve months while looking ahead to the future. While many focus on revenue goals and growth targets, there's one fundamental aspect that can make or break your success in the coming year: productivity. By implementing the right productivity practices now, you can set yourself and your business up for unprecedented efficiency and success in the new year. Create Systems That Scale One of the bigg