If you own or have an interest in a business (corporation, partnership, LLC, etc.) then you need to file beneficial ownership information at the following website: https://www.fincen.gov/boi. For businesses established before 2024, the deadline for filing is 12/31/2024. For those established in 2024, you have a 90-day window. Businesses founded in 2025 and beyond must file within 30 days. This Act was created to prevent money laundering. The Act requires anyone who owns 25% of a business or has … [Read more...] about Corporate Transparency Act – Filing Deadline is December 31, 2024
How to Start the Estate Planning Conversation Today
Has your family discussed estate planning? American families are facing a future crisis. A 2023 survey found that only one-third of U.S. adults have an estate plan. Though that statistic increases to 44% for those age 55 and older, it is still a wildly insufficient number that will lead to confusion and stress for many. October 21 kicks off National Estate Planning Awareness Week, and it is clear that many need help understanding the benefits of getting their affairs in order. As estate … [Read more...] about How to Start the Estate Planning Conversation Today
2024 Walk to End Alzheimer’s (VIDEO)
We are passionate in our support of the Alzheimer’s Association and have participated in the Walk to End Alzheimer’s since 2012. This year, Attorney Justin M. Kennedy and Geriatric Care Manager Dedra Jize served on the Silicon Valley Walk Executive Leadership Team. Thank you to everyone who participated in the 2024 Walk to End Alzheimer's and helped us raise more than $17,000 for the Alzheimer's Association. … [Read more...] about 2024 Walk to End Alzheimer’s (VIDEO)
2024 Inherited IRA New Regulations (VIDEO)
In this vlog, LKA Attorney Justin M. Kennedy discusses the impact of the final regulations issued on July 19, 2024, by the Department of the Treasury updating the required minimum distribution rules in response to the SECURE and SECURE 2.0 Acts. New IRS Rules Clarify Required Distributions from Inherited Retirement Accounts If you inherit an IRA or other retirement account, when and how you take distributions from that account can have significant tax consequences. On July 19, 2024, the … [Read more...] about 2024 Inherited IRA New Regulations (VIDEO)
CRUCIAL CONNECTIONS – Social Ties Support Seniors’ Quality of Life
In recognition of International Day of Friendship on July 30, this is a good time to consider how the presence or absence of vibrant social relationships affects well-being. Amid the many challenges of aging, one aspect of seniors’ lifestyles shapes nearly every other dimension of their lives. This essential aspect is simple: social interaction. An older adult’s involvement in social relationships and frequent face-to-face contact with others leads to better physical health, … [Read more...] about CRUCIAL CONNECTIONS – Social Ties Support Seniors’ Quality of Life
Litherland, Kennedy & Associates Attend Exclusive Legal Conference in Minneapolis
Silicon Valley estate planning and elder care law firm Litherland, Kennedy & Associates attended one of the nation’s leading legal education conferences in Minneapolis, MI from May 2 to May 5. The American Academy of Estate Planning Attorneys hosted their 31st annual Spring Summit which included top estate planning law firms from around the country. The American Academy is committed to helping its Member attorneys innovate the way they approach their law practice. The conference focused … [Read more...] about Litherland, Kennedy & Associates Attend Exclusive Legal Conference in Minneapolis
Meet Attorney Srushti Shah Chauhan
A Heart for Families When a family loses a loved one, the process of grieving can be a long and difficult one. There are also numerous details that need to be addressed when it comes to taking care of the deceased person’s belongings, outstanding bills, final tax returns, and figuring out what work needs to be done to settle their estate. As the lead Trust Administration attorney for our firm, Srushti Shah Chauhan is ready to help guide families through the process of administering the … [Read more...] about Meet Attorney Srushti Shah Chauhan
UNLOCK YOUR WEALTH POTENTIAL – Learning the Vital Elements of Financial Literacy
Americans have long insisted that all citizens learn basic literacy skills — reading, writing, and arithmetic. But only half of the states require students to learn financial literacy skills, which can be almost as important for a secure, productive life. As we observe Financial Literacy Month in April, it is worth noting that more than 1 in 3 Americans are still not financially literate — that is, they are unable to understand and apply basic financial concepts. These include calculating how … [Read more...] about UNLOCK YOUR WEALTH POTENTIAL – Learning the Vital Elements of Financial Literacy
Attorney Justin M. Kennedy Selected as 2024 Super Lawyer
We are proud to announce that Attorney Justin M. Kennedy has been selected to the 2024 California Super Lawyers list. Each year, no more than five percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections include a statewide … [Read more...] about Attorney Justin M. Kennedy Selected as 2024 Super Lawyer
Hobbies are Part of a Balanced Life – Invest in Your Well-Being
Blog Author: Wendy Harshbarger, Director of Marketing and Client Relations As January unfolds, it brings with it not only the promise of a new year but also the opportunity to celebrate the interests that make us unique. January is National Hobby Month. This month-long celebration invites us to explore, engage, and embrace the hobbies that make life more colorful and fulfilling. Engaging in a hobby is not just a pastime; it's a gateway to a multitude of benefits that positively impact both … [Read more...] about Hobbies are Part of a Balanced Life – Invest in Your Well-Being
