BLOGS

The Truth About Living Trusts vs. Wills
When it comes to planning for the future, many people are unsure whether to choose a living trust or a will. While both are important estate planning tools, they serve different purposes and offer unique benefits.

What is Estate Planning?
Estate planning is often misunderstood as something only for the wealthy or elderly. In reality, nearly everyone has assets they would like to pass on to their loved ones after they die,

Why This is the Year You Create a Land Trust?
Real estate investors often face challenges when it comes to managing multiple properties and protecting their investments. One of the most effective tools for addressing these challenges is a land trust

Guide to Tax Planning: Stop Paying Too Much in Taxes
Tax season can be overwhelming, but with the right planning, you can significantly reduce your tax liabilities and keep more of your hard-earned money. At DK Law Group,

What Is a Domestic Asset Protection Trust (DAPT)?
Asset protection is a key component of financial security, especially for individuals with significant wealth or those in high-risk professions. A Domestic Asset Protection Trust (DAPT) is one of the most effective tools for shielding your assets from creditors and lawsuits

How Is the Value of an Estate Determined for Tax Purposes?
When a person passes away, their estate may be subject to federal and state estate taxes, depending on its value. But how is the value of an estate determined? Understanding this process is crucial for effective estate planning.

The Corporate Transparency Act: A Timeline of Key Dates and Deadlines
The Corporate Transparency Act (CTA) is a new law that requires certain businesses to report their beneficial ownership information to the federal government. With deadlines fast approaching,

Estate Tax Exemption: How Much It Is and How to Calculate It
You may have heard about the “death tax,” more formally known as the estate tax. This tax is imposed on the transfer of a deceased person’s assets to their heirs.

How Does a 1031 Exchange Work?
For businesses and investors holding real estate properties, the 1031 exchange is a powerful financial strategy. It allows property owners to defer paying capital gains taxes when they sell a property,

Are There Any State-Specific Estate Taxes in Addition to the Federal Tax?
When planning your estate, understanding the potential tax implications is crucial to preserving your wealth for future generations. While many are familiar with the federal estate tax,

Combining 1031 Exchange and LLCs and Trusts
Real estate investors are always looking for ways to maximize returns and protect their investments. One of the most effective strategies is to combine a 1031 exchange with other estate planning tools,

Top 5 Insurance Policies Every Property Owner Should Have
Owning property is a significant investment, and protecting that investment should be a top priority. However, many property owners find themselves underinsured or lacking the appropriate coverage

Top 5 Asset Protection Steps for Multi-Property Owners
Investing in real estate is one of the most reliable ways to build wealth, but owning multiple properties also increases your exposure to risk.

Deferral of Capital Gains Tax vs. Step-Up in Basis
When it comes to managing the tax implications of your real estate investments, two powerful strategies often come into play: deferral of capital gains tax through mechanisms like a 1031 exchange,
Navigating the 1031 Exchange to Maximize Investments for Business Owners
For business owners and real estate investors, the 1031 exchange is one of the most powerful tools available for maximizing investments and deferring capital gains taxes.

Are You Married to a Narcissist? Approaching Divorce in a Toxic Environment
Marriage is supposed to be a partnership based on mutual love and respect. But when you’re married to a narcissist, it can feel like you’re trapped in a relationship defined by manipulation, control, and emotional abuse.

Are You Married to a Narcissist? Protecting Your Loved Ones & Your Assets Through Estate Planning and Trusts
Marriage is often seen as a partnership built on mutual respect, love, and trust. However, when you’re married to a narcissist, the relationship dynamics can be anything but harmonious.

How To Protect Your Personal Bank Account (Avoid Garnishment!)
In today’s litigious society, it’s not uncommon for individuals to face the threat of garnishment—where creditors can legally seize funds directly from your bank account to satisfy a debt.

Lawsuit Nightmare: Protecting Your Portfolio From Tenant Claims
Owning rental properties can be a lucrative investment, but it also comes with its share of risks—particularly the risk of tenant lawsuits. Even the most careful landlords can find themselves facing legal claims from tenants, which can lead to costly settlements or judgments. At DK Law Group

The Insurance Shield: Essential Policies for Maximum Property Protection
Property ownership is one of the most significant investments an individual can make. However, without the right insurance coverage, your investment could be at risk.