Corporate Trustee: When and Why You Need a Professional
In most of our consultations about trusts, we eventually explore whether the client may benefit from integrating a corporate trustee into their plans. We look at family dynamics, financial advisers, and types of assets, among other things. We also consider needs that may arise during a client's disability - during which time a Will does absolutely no good at all - and whether there are new and unique needs that arise after a client's death.
Hello. We're Tallgrass. Nice to meet you.
Please allow us to introduce ourselves. We are a team of attorneys who imagine a different way to work and help clients. We are a work in progress, just like you and your family. And here are a few things that drive how we work and where we're headed.
Estate Planning for Farmers
Deciding how to distribute or divide the family farm, ranch, or land is not an easy task. Perhaps not all of your children want the farm, determining value is tricky, there are loan and subsidy programs to preserve, there are tax complications, and there are asset protection concerns.
How to Adult (at least a little)
"Adulting" is one of my favorite neologisms, even though it's been criticized harshly by some. If you're new to the word, you've still probably already figured out what it means. It's just a playful way to describe doing typically "adult" things that no one particularly likes to do but everyone has to - doing laundry instead of just buying more underwear, eating your vegetables instead of pizza rolls, actually going to the doctor, paying your taxes, changing a tire, etc, etc, etc. You get the gist.
To-Do List: 1) Start a Business. 2) ...?
Speaking from personal experience, I can say that owning a business is one of the most rewarding and stressful things in the world. The risks, challenges, successes, and failures are a roller coaster, to be sure, but it is so gratifying to see your vision become reality. With all of the imagination and sweat that goes into your business, you need a plan - not just a business plan, but particular parts of an estate plan.