Author: pfernand

I’m a huge Dallas Cowboy fan (for those of you who don’t know it) and today I was privileged to hear a Washington Redskin Legend share his passion for helping business and even current NFL Rookies with their financial success. The legend, Brian Mitchell, a ferocious punt and kick-off return specialist who played 14 years in the NFL and is 2nd All-Time in All Purpose Yards of 23,330, behind Jerry Rice. What intrigued me about the story of Brian Mitchell was his overall mindset, but specifically how he had a plan, a succession plan, for when his football career was over. The average NFL career last less than 3 years, Brian knew this and he knew that his career could end in one play. So he planned for that. He realistically…

The IRS just announced that the 401(k) contribution limits will rise from $17,000 a year to $17,500 a year beginning 2013. If you’re 50 or older you can contribute $23,000 a year. A 401(k) plan is not just for big business. Small business owners who have no employees an “individual” or “solo” 401(k) is available and can be a great tax planning strategy. Another consideration is to hire your spouse and have them contribute to the 401(k). Now a 401(k) requires more administration than other company retirement plans, but it may very well be worth the “investment” of administration to reap the tax savings. Let us help you with a Proactive Tax Plan, give us a call or request our free Tax Book for business owners. This web site is…

Philip Seymour Hoffman was a wonderful actor. I enjoyed his talent in Moneyball, Hunger Games, and Charlie Wilson's War to name just a few. He prepared a Will in 2004 and there appears to be some potential problems, namely that he left out two of his children, yet planned a testamentary trust for his oldest child. You can find more details in this article by the Reuters. Don't make these mistakes with your estate plan. This web site is designed for general information only. The information presented at this site is not, nor is it intended to be, legal advice. Your use of this site does not create an attorney-client relationship. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your…

We all have probably received those phone calls from the "IRS"--actually identity thieves/scammers who are looking to take as much money and assets from you that they can latch on to. Today--Monday, May 13, 2019--we were alerted to a new scam in our region, and this is one we want to make you aware of. A good friend and client of ours called to say that they had received a phone call from the "Social Security Administration". Not unusual, you say? This time, they were saying that the Social Security number has been suspended and they want you to VERIFY your Social Security number! In fact, Debbi—in our offices, also received the same phone call today as well. At Field Law, pc, we want to take the time to remind you…

Our world is being hit by unknown threats and uncertainty combined with fear. It is in the midst of this crisis that we begin to ask ourselves what matters most in life. We believe that faith, family, life and freedom are the fabric of our community. Here at the Field Law Firm, we work diligently to protect our clients’ legacies for future generations, and our work has never been more crucial. As we attempt to navigate these unprecedented times, we want to provide you with some helpful insights about estate planning and how you are affected by the current mandates. Therefore we will be sharing tips on estate plans, court closures, power of attorney documents, and much more. The Field Law team is inviting you to journey with us as…

The suspension of the Los Angeles Superior Court is the most pressing issues regarding your estate plan in this time. As of the date this article is posted, no civil issues can be brought to court until June 22nd at the earliest. Sadly, this date is a moving target, and there is no guarantee that you will be able to deal with necessary matters that involve the court. It is likely you believe this has little relevance to your life and current situation, but the implications of this decision can affect everything in your life if you do not have the proper Estate Planning documents in place. Without the necessary plan, individuals are dependent on the court system to authorize medical decisions and financial decisions for someone who is unable to handle…

Here at Field Law, family is one of our core values. Building your family is a joy, but it does require immense amounts of hard work to make sure your children are well taken care of. One of the more difficult parts about raising children is making a contingency plan in the event of your untimely demise. Making provisions like appointing a guardian and conservator for your child are a necessity to ensure that your child will be with someone you trust. Thankfully, this is one area where a Living Will is necessary and extremely helpful. Having either a will or guardianship papers will allow you to personally name a family member or close friend to be your child’s guardian. The person you choose will be tasked with making decisions for…

Here at Field Law, family is one of our core values. Building your family is a joy, but it does require immense amounts of hard work to make sure your children are well taken care of. One of the more difficult parts about raising children is making a contingency plan in the event of your untimely demise. Making provisions like appointing a guardian and conservator for your child are a necessity to ensure that your child will be with someone you trust. Thankfully, this is one area where a Living Will is necessary and extremely helpful. Having either a will or guardianship papers will allow you to personally name a family member or close friend to be your child’s guardian. The person you choose will be tasked with making decisions for…

We are in the middle of a global pandemic that is currently testing the quality of the health care systems of every nation. According to a press release in 2018 by the American Psychological Association, stress about medical issues and health care affects approximately 60% of all Americans, without a global crisis (Bethune and Lewan, 2018). One important way to combat this  stress is to make sure you have a Legacy Wealth Plan that includes a comprehensive Medical Power of Attorney. This document is also known as an Advanced Health Care Directive, and it protects you and your estate in case of illness and incapacitation. It accomplishes this by outlining your specific decisions and appointing a representative to make choices on your behalf. According to HIPAA guidelines, your successor trustee needs…

It’s graduation time! Even though the ceremony looked quite different this year because of COVID-19, it still means your “baby” is all grown up and preparing to head out into the real world. But, before your child (or grandchild!) plans to head off for college or pursues other endeavors, it’s important to think about a few life changes now that he or she is an “adult” in the eyes of the law. Blocked By HIPAA Laws From a legal standpoint, you may be surprised to learn that you now need written permission to make any important medical or financial decisions on your adult child’s behalf because of HIPAA regulations. For example, if your child needs medical records for college or an internship, you won’t be able to reach out to…