Entries from June 2007
Doctors, Competence, and Estate Planning
No, the title of this blog entry isn’t about doctors who are incompetent. It’s about when you are incompetent to manage your affairs. Trusts, powers of attorney, and living wills are all designed in part to allow you to make your wishes known about what to do when you are no longer competent to […]
New Law Affects Limited Liability Companies
On May 25, 2007, President Bush signed into law a provision that allows married couples to choose “single member” tax treatment for a limited liability company, even though both spouses own membership interests. A single member LLC is eligible for tax treatment as a sole proprietorship.
Previously, this option was only available to couples who […]