Posted in Triplett & Carothers on January 3, 2025
🎆At Triplett & Carothers, we certainly ended the year with a bang, welcoming three new attorneys to our practice as of January 1st. Travis Triplett, Katie Garbarino and Jim Fine bring their knowledge and experience to our team and our clients. Look for more about Travis, Katie and Jim in coming months. ⛳We celebrated our… read more
Posted in Triplett & Carothers on January 3, 2025
Probate is a legal process that ensures that a deceased person’s debts (including liens and taxes) are paid and that the remaining assets are distributed according to the person’s will, or if no will exists, according to the laws of intestacy. In some states, any estate valued over $3,000 must be probated; in other states,… read more
Posted in Triplett & Carothers on January 2, 2025
There are many benefits to planning your own funeral: Planning can save money. When people are mourning, they often make impulsive decisions, such as buying an expensive casket or ordering the most luxurious limo. If you have made your own arrangements, specifying exactly what you’d like, it will keep people from thinking they have to… read more
Posted in Triplett & Carothers on January 1, 2025
Did you know that your family and/or friends have the right to challenge your will during probate proceedings? They are even entitled to object to the validity of your will and various aspects of the inheritance left behind. As you can imagine, this can become very complex very quickly. If you believe a will inaccurately… read more
Posted in Triplett & Carothers on December 6, 2024
On December 3, 2024, a Texas Federal District Court ruled that the Corporate Transparency Act (CTA) and its associated regulations are unconstitutional. The court’s decision was based on the argument that Congress exceeded its powers under the Commerce Clause by enacting the CTA, which requires certain business entities to report their beneficial owners. The court… read more
Posted in Triplett & Carothers on December 5, 2024
There is so much to think about when a couple decides to divorce, and frequently emotions take over and prevent the couple from considering important details. Estate planning is one item that frequently falls through the cracks. To be fair, even though estate planning is something everyone should do, many people put it off… read more
Posted in Triplett & Carothers on December 4, 2024
Few numbers are as important to mortgage lenders as your FICO credit score. This score measures how well you’ve paid your bills and managed your credit. The higher your FICO score, the more likely it is that lenders will approve you for a new mortgage or refinance. FICO scores range from 300 to 850. FICO… read more
Posted in Triplett & Carothers on December 1, 2024
From all of us at Triplett & Carothers, we send our best wishes for the holidays and the new year to our clients and colleagues, family and friends.
Posted in Triplett & Carothers on November 3, 2024
As of Jan. 1 this year and extending until Jan. 1 next year, a yearlong requirement will be imposed on many small businesses. The owners of these small businesses must file a beneficial ownership information report with FinCEN, including personal identifiable information as the owners of said businesses. Companies that form during this time period… read more
Posted in Triplett & Carothers on November 2, 2024
Let’s start with the basics: What is capital gains tax? It is a type of tax on profits earned from the sale of assets like stock or real estate. When these are sold for more than they cost to purchase, the IRS taxes the gain. In real estate, capital gains are calculated by taking the… read more
