Jillian Hishaw
Special Circumstances of Creating a Revocable ...

“Unmarried couples face unique challenges when it comes to estate planning. Unlike married couples, who have certain legal protections and assumed rights, unmarried couples do not receive the same level of protection under the law. This can lead to issues regarding inheritance, estate taxes, healthcare decisions, and financial management. To address these challenges, unmarried couples should consider creating a revocable trust as part of their estate planning strategy.”

Special Circumstances of Creating a Revocable Trust as an Unmarried Couple
Jillian Hishaw
Bitcoin Halvings and Tax Implications

"When reporting your Bitcoin transactions to the IRS, you will need to use Form 8949. This form is used to report capital gains and losses from the sale, exchange, or disposal of property, including Bitcoin. Each transaction must be reported individually, including the date, description, sales price, and cost basis."

Bitcoin Halvings and Tax Implications
Jillian Hishaw
Wyoming's Commitment to Cryptocurrency Asset ...

“With the increasing popularity of cryptocurrencies, it has become crucial to protect your digital assets from potential threats. Wyoming, known for its crypto-friendly regulations, offers a unique opportunity for individuals and businesses to safeguard their crypto currency investments. In this comprehensive guide, we will explore the various measures and strategies that can be implemented to ensure the security and longevity of your crypto assets in Wyoming.”

Wyoming's Commitment to Cryptocurrency Asset Protection
Jillian Hishaw
Granting Power of Attorney: A Comprehensive ...

“Granting Power of Attorney from the United States to someone in India is a process that requires careful attention to detail. By following the steps outlined in this comprehensive guide, you can ensure that your Power of Attorney is valid and legally recognized in India. Remember to consult with the Indian embassy or consular office for the most up-to-date information and fee requirements. With the Power of Attorney in place, you can confidently manage your business interests and property transactions in India from the United States.”

Granting Power of Attorney: A Comprehensive Guide for Residents of India from the United States
Jillian Hishaw
How to Protect Your Mineral Rights in Bankruptcy

“During bankruptcy proceedings, the fate of lease agreements can be uncertain. In Chapter 7 bankruptcy, the oil and gas leases held by the debtor may be sold to another operator, potentially affecting the terms and conditions of the original lease. In Chapter 13 bankruptcy, the operator may propose a reorganization plan that could modify lease terms. As a mineral rights owner, it is essential to stay informed about any proposed changes to your lease and consult with legal professionals to protect your interests.”

How to Protect Your Mineral Rights in Bankruptcy

Assets

Protecting Digital Assets with Estate Planning in Wyoming

Protecting Digital Assets with Estate Planning in Wyoming

“Wyoming has positioned itself as a leading state for estate planning with digital assets, particularly cryptocurrencies. With its tax-friendly environment, innovative trust laws and structures, strong privacy and creditor protection laws, comprehensive legal framework for digital assets, and companies like Two Ocean Trust leading the way, Wyoming offers a favorable jurisdiction for managing and protecting digital asset portfolios.

When considering estate planning with digital assets, it is important to consult with experienced professionals who can navigate the complexities of this emerging field. By leveraging Wyoming's advantageous laws and structures, individuals can ensure the secure and efficient administration of their digital assets for generations to come.”

5 Foolproof Strategies for Protecting Your Cryptocurrency and NFT Assets

5 Foolproof Strategies for Protecting Your Cryptocurrency and NFT Assets

“To mitigate these risks, it is crucial to take control of your digital wealth. By implementing robust security measures and adopting best practices, you can significantly reduce the likelihood of falling victim to cyberattacks or scams. The following foolproof strategies will help you secure your cryptocurrency and NFT assets effectively.”

A Comprehensive Guide to Reducing Tax Debt with Revocable and Irrevocable Trusts

A Comprehensive Guide to Reducing Tax Debt with Revocable and Irrevocable Trusts

“In the realm of estate planning, there are various strategies and tools available to help individuals protect their assets and reduce tax liabilities. One such approach is the utilization of revocable and irrevocable trusts. These trusts can play a crucial role in minimizing tax debt and ensuring a smooth distribution of assets according to your wishes. In this comprehensive guide, we will delve into the differences between revocable and irrevocable trusts, explore their benefits and limitations, and provide guidance on how to choose the right trust for your estate planning needs.”

IRS Proposed Tax Rules Impact on Ways Estate Planning Reduces Crypto Holders Liability

IRS Proposed Tax Rules Impact on Ways Estate Planning Reduces Crypto Holders Liability

“The IRS proposed rules also have implications for estate planning and investments involving cryptocurrency and NFTs. Cryptocurrency and NFT holdings are subject to estate tax, just like any other assets. It is important for individuals with substantial digital assets to consider estate planning strategies to minimize the tax impact on their beneficiaries. One effective strategy is the use of irrevocable trusts.”

Decoding the IRS Proposed Rules: How Will Cryptocurrency and NFTs be Taxed?

Decoding the IRS Proposed Rules: How Will Cryptocurrency and NFTs be Taxed?

“Currently, the tax landscape for cryptocurrency and NFTs is somewhat ambiguous. The IRS treats cryptocurrency as property rather than currency, which means that capital gains tax can be applied when cryptocurrency is sold or exchanged. NFTs, being a relatively new asset class, have not yet been specifically addressed by the IRS. However, it is likely that they will be treated similarly to other digital assets, such as cryptocurrency or virtual currencies.”

“I didn’t know a thing about bankruptcy, I needed to get back on my feet and unfortunately I couldn’t do it by myself. This is where Hishaw Law comes in, she was a Godsend. She walked me through every detail of what I needed to have and what I needed to do to get my bankruptcy started. Any time I had a question, concern, freak out, she was there to help me through it. I never had any doubt that she was doing her job and doing it very well. I would highly recommend Attorney Hishaw for your attorney needs.”

-Kendra, Bankruptcy Client 2018

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