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Whether you are a real estate investor or business owner, if you have assets, they are worth protecting. You owe it to yourself and your beneficiaries to implement an asset protection plan that will safeguard your assets in the event that something goes wrong. When considering how to best protect your assets, you should be aware of some of the most popular asset protection planning tools available to you. Cardon Law is a Pleasant Grove real estate and business law

After the passing of a loved one, money is probably the last thing on your mind. However, when it comes to inheriting money from a deceased family member, it is important that you understand what portion of that money is subject to federal or state taxes. Likewise, when ensuring you understand what amount of your inheritance may be taxed, it is crucial you comprehend the difference between estate tax and inheritance tax.  Cardon Law is a Pleasant Grove real estate

The Qualified Small Business Stock, also known as Section 1202, is a part of the Internal Revenue Code (IRC) that allows capital gains from qualified small businesses to be exempt from federal taxes. There are a few limitations, one being that the exemption only applies if you acquired the small business stock after Sept. 27, 2010, and is held for over five years.  The Qualified Small Business Stock aims to encourage non-corporate taxpayers to invest in small businesses. When you

Asset sales are business transactions where a buyer purchases some or all of the assets from a company, but the company itself does not change hands. A business’s assets include anything of value owned by the company. Some examples of these assets include real estate, equipment, and intellectual property.  With an asset sale, buyers have the ability to pick and choose which assets they purchase, which allows them to carry less risk and potentially leave any debt to be paid

Making the decision to sell your business can be stressful as you try to choose the best options that will benefit you the most. When choosing to sell your business to an unrelated third-party, one option you should consider is an “Incomplete-Gift Non-Grantor trust,” or ING trust. If you are considering an ING trust but are unsure if it is the best choice for your needs, it is important you understand the many benefits that can come in regards to