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Royal Law Firm PLLC January 14, 2021 , 10:55 am , A Will versus a Trust- What’s the Difference A will versus a trust: What’s the difference?    Let’s start with the basics. If you pass away without a Will or a Trust, there is a process under state inheritance laws that details what happens to a person’s estate assets when that person dies without a will or trust. Intestate succession refers to…
Royal Law Firm PLLC January 7, 2021 , 8:59 pm , The Tried and True Strategy of Musk Foundation: This Is No Tesla The Tried and True Strategy of Musk Foundation: This Is No Tesla The last quarter of the year usually shows an uptick in charitable giving – one of the reasons being the need to maximize the deductions for the tax year before it ends. When it comes to the wealthy,…
Royal Law Firm PLLC December 24, 2020 , 11:14 pm , , The Big Rich Town is Tiny: Biden’s Tax Proposal and Small Business Just before the election, 50 Cent’s tweet about the Biden tax plan, which he interpreted as “62% are you out of ya f—mind,” went viral. In terms of reliability for the vast majority of the country’s population – 50 Cent’s net worth is…
Royal Law Firm PLLC December 13, 2020 , 2:17 pm , , The Nexus between Chanukah and Compliance: Tax Considerations for Growing Software Companies Chanukah is looking a bit different this year. Families aren’t congregating together as usual. This means, you may not have your grandparents, parents, aunts/uncles or other family members to help lead you through the traditions.    Do you remember the Chanukah blessings, how to light…
Even a pandemic does not halt a hunt for deals. This Black Friday, November 27, shoppers are in a race to grab deals – except this time, mostly virtually, and the internet is keeping up with frequent updates. Next Tuesday, our communities will be in a frenzy again – this time to give – to charities that seek donations on Giving Tuesday, December 1. Just in case anyone is excited about a “sticker…
For many, 2020 probably marks a year of greater trials and tribulations than most in recent history. It is also a year that has brought us together, as a community, standing together and supporting each other. 2020 is making history – not merely with the horrors accompanying the COVID-19 pandemic, but with showing the widespread compassion, unity, and a grand recognition of humanity. For that, we are grateful. A note to our clients, friends, and…
Royal Law Firm PLLC November 27, 2020 , 12:08 pm , , , All Your Basis Are Belong to What You Paid (Mostly): A Quick View on Basis and Donations Even a pandemic does not halt a hunt for deals. This Black Friday, November 27, shoppers are in a race to grab deals – except this time, mostly virtually, and the internet is keeping up with frequent updates.…
Royal Law Firm PLLC November 26, 2020 , 1:16 pm , Gratitude in a Time of Distress For many, 2020 probably marks a year of greater trials and tribulations than most in recent history. It is also a year that has brought us together, as a community of support.   2020 is making history – not merely with the horrors accompanying the COVID-19 pandemic, but with showing the widespread compassion, unity, and a grand…
Royal Law Firm PLLC November 16, 2020 , 6:15 pm , Diwali and Estate Planning: When Family, Legacies, and Preserving Traditions Matter   Many parts of the world lit up for Diwali, or Deepavali, as the South Asian traditions with the festival of lights went global even during a pandemic. Diwali celebrates the victory of good over evil – light over darkness. Every year, our founder enjoys sharing some of her…
Royal Law Firm PLLC November 12, 2020 , 9:25 pm , A New Jersey Tax Recipe? A Pizza Topping of Fresh Marijuana Leaves. The Royal Law Firm, originally founded in New Jersey, continues to serve its strong client base in the state. So, of course, we were watching closely as the whispers over the legalization of cannabis grew louder, because at the core of the issue is — taxes. This election year, the…