The Importance of Updating Your Estate Plan After Relocating
SSS LAW Blog
by Ty Shepard
1y ago
Moving to your dream neighborhood is exciting after planning for it for a long time. A good neighborhood helps you make new friends and advance in life. But moving to a new place comes with a new set of rules and laws that you have to abide by.   Furthermore, some things change when you move to a new estate. For example, you could have married or changed plans for the future. For this reason, you have to make your estate plan for relocating. Preparing estate planning documents is not easy and requires a lot of money. You must involve an experienced attorney, like Sarah S. Shepard to ..read more
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Estate Planning for Newlyweds
SSS LAW Blog
by Ty Shepard
1y ago
There's nothing quite like the experience of being a newlywed and feeling as though there's a whole new world of possibilities ahead of you. While that may be the case, it's also time to connect with a Huntsville attorney to discuss estate planning. Even if you're young and not thinking about what will happen that far down the road, now is the most important time (and opportunity) to lay some plans. Attorney Sarah S. Shepard can help you every step of the way. What Is Estate Planning? As a newlywed, you’re likely thinking about buying a home, having children, traveling the world, or engaging ..read more
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The Right Way to Execute a Last Will and Testament
SSS LAW Blog
by Ty Shepard
1y ago
When we talk about estate planning in Huntsville, AL, a last will and testament is always the number one priority.  After all, wills are the documents that discern how your assets are distributed and instructions for your funeral or burial ceremony.  More importantly, wills are a way in which you can communicate to your executor and heirs the very instructions they’ll need to follow for asset distribution. Not to mention, where to find the codes, passwords, and other important information they’ll need to navigate your estate with ease. As simple as writing a will may sound, we can a ..read more
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Getting Your Estate Plan in Order for Succession Planning
SSS LAW Blog
by Ty Shepard
1y ago
Accumulating wealth and building a business over time takes a lot of hard work and planning. That’s why it’s so important to take the necessary steps to safeguard that wealth and your business from all the possible things that can crop up in the future, from evolving laws to changing times and generations and even unfortunate events.  Usually, this is the part where we would say, “that’s where estate planning in Huntsville, AL comes into play.” However, while estate planning is the key to securing your assets, succession planning also plays an important role in this, especially when you ..read more
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Do You Need an Estate Plan When You Don’t Have a Spouse or Children?
SSS LAW Blog
by Ty Shepard
1y ago
Estate planning in Huntsville, AL, isn’t just for the wealthy. Nor is it only for those with young children to provide for. However, the notion that you must have a large net worth and a family is arguably the greatest misconception surrounding estate planning in general. Determining how your property and assets — no matter how big or small — is essential to estate planning regardless of your marital status. But your estate plan will look a little different if you don't have any heirs.  More importantly, being single doesn’t mean you don’t need to have an estate plan to protect your asse ..read more
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Why You Need a Huntsville Attorney When Creating a Series LLC
SSS LAW Blog
by Ty Shepard
1y ago
Starting your own business is exciting, but it can also be a little overwhelming. This is especially true when it comes to the business formation you choose as there are several different documents to be filed away, various fees, rules and regulations to follow, and plenty of other things to square away. This is especially true if you’re thinking about forming a Series LLC. Series LLCs are still a relatively new type of business entity; however, they’re becoming increasingly popular — even among small business owners with plans to expand. Series LLCs allow you to file separate assets under se ..read more
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Estate Planning Considerations in the Digital Era
SSS LAW Blog
by Ty Shepard
1y ago
We live in an increasingly digital world where the internet governs virtually everything we do. We use it for work, communicating, keeping up with current events, storing private information, creating art, and so much more. So, in a sense, when we talk about estate planning in the digital era, we're talking about intangible assets, including family photos, movies, and other things we hold dear. Most people manage their finances, taxes, and bills using digital accounts and software. However, no one thinks about what happens to all these digital properties when they pass away. The state laws re ..read more
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Reasons to Choose a Series LLC For Your Business
SSS LAW Blog
by Ty Shepard
1y ago
The Series LLC business formation is a relatively new entity option; however, it’s gaining traction quickly among all types of business owners. This is because it allows many of the same protections as a traditional LLC while offering more flexibility. It can even benefit you when estate planning in Huntsville, AL. If you haven’t heard of a Series LLC or aren’t sure whether this type of entity is right for you and your business, then you’ve come to the right place. In this article, we’ll talk about what a Series LLC is, what makes it different from the other business structures, and what the ..read more
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Which Assets Should You Include in Your Estate Plan?
SSS LAW Blog
by Ty Shepard
1y ago
Having a comprehensive estate plan that includes a legally completed will and trusts is the best way to ensure that your family and assets are protected should you pass away.  Of course, defining your most important assets and which ones belong to what document can be a bit cumbersome. It’s not easy sifting through money, investments, real estate, etc. — over the years, evaluating their worth, and deciding where they’ll go when you’re gone. It becomes even more complicated when you have minor children to care for. The idea of creating an estate plan sounds ridiculous for most people beca ..read more
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The Benefits of a Series LLC
SSS LAW Blog
by Ty Shepard
1y ago
The limited liability company (LLC) is a very well-known option in the world of business entities. However, fewer people are familiar with its variations, including the series LLC. The series LLC business structure works very similarly to the regular LLC in that it helps businesses protect their personal assets from liability. As far as LLCs go, the series LLC is also more cost-effective and offers more flexibility regarding mitigating said liabilities. However, the series LLC entity has its own complexities that can be hard to understand at first.  As more and more states continue ado ..read more
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