Hyden, Miron & Foster, PLLC Law Blog

Monday, May 21, 2018

What Happens to Your Cryptocurrencies When You Die?

Bitcoin and other cryptocurrencies are a virtual form of money that is only used for online transactions. Cryptocurrencies do not have intrinsic value because they are not redeemable for another commodity such as gold or silver. However, cryptocurrencies can have substantial value. This form of currency does not have any physical form and only exists online. Therefore, it can be a challenge to ensure that the asset is not lost when someone dies.

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Friday, April 20, 2018

What Every Estate Plan Should Have

Do you have an estate plan?

It is estimated that fewer than half of all Americans have an estate plan. Without an estate plan, your assets will be distributed by the court to your closest relatives. You will be left without a say in who receives your assets or who will care for your minor child. Even further, without an estate plan in place, your health and finances will be vulnerable in the event you become incapacitated. Our

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Tuesday, April 17, 2018

What Happens to Your Mortgage When You Die?

Very few people enjoy thinking about death, especially their death. However, planning for your death is something you should do for your loved ones. Having an estate plan ensures that your wishes are carried out after your passing, but it also protects your loved ones. Without a valid will, intestate laws in Arkansas determine how your property is distributed. In other words, the state has the final say instead of you or your family.

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Monday, March 26, 2018

Offering a 401K Plan for Your Employees

Do I need to match my employee’s 401K contributions?

The U.S. Small Business Administration reports that 72 percent of small businesses do not offer an employer-sponsored 401K plan.  The universal lack of employer-sponsored retirement plans is leaving the average American without savings to support themselves in their old age. Many employers shy away from offering a retirement plan for their employees because they fear it will cost too much and take too much time.
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Thursday, March 15, 2018

5 Things You Can Do Today to Plan for the 2018 Tax Season

Planning for tax season is never fun, but 2018 may be especially daunting because of the new tax changes that went into effect as of January 1, 2018. In fact, the changes that have already taken effect are the most significant revisions to the tax code that the U.S. has seen in the past 30 years.

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Monday, February 26, 2018

Mistakes to Avoid When Naming a Guardian for Your Minor Child

What factors should I consider when naming a guardian for my child?

Naming a guardian for your minor child is one of the most important decisions you will make during your lifetime. While none of us wish to consider what might happen if we pass away while our child is still a minor, failing to appoint a guardian will leave the care of your minor child entirely up to the court. Our Read more . . .

Friday, February 16, 2018

Rethinking Entity Choice Under the Tax Cuts and Jobs Act

The new Tax Cuts and Jobs Act has made modifications and changes to a wide variety of areas in the US Tax Code. Many business owners are now considering if their choice of entity is going to make a difference in how much they will be taxed. Talking to a skilled Read more . . .

Sunday, January 28, 2018

Planning for Healthcare Costs in Retirement

How much should I anticipate spending on healthcare during retirement?

Healthcare costs are rising annually and much uncertainty exists around the future of the Affordable Care Act.  When you are planning for retirement, it is crucial that you take into account your potential medical costs.  Medicare will cover some costs for those eligible, but you will need to pay for some Medicare services, supplemental insurance, and out of pocket costs.  Our Read more . . .

Saturday, January 20, 2018

Top 5 Things To Know About Special Needs Trusts

When it comes to planning for the continued care of a child or adult with special needs, there are a myriad of details to consider. How much of your legacy can you leave them? Can you do it without jeopardizing crucial government benefits? These are all questions that can be answered by a special needs planning lawyer.

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Thursday, December 21, 2017

How to Ensure You’re Prepared Financially for Retirement

How much money will I need to save for retirement?

Retirement should be a time of relaxation and enjoyment, but financial stresses can destroy the tranquility of your retirement.  According to a recent poll of CPA financial planners, the top concern among people planning for retirement is running out of money.  Take the stress out of your retirement by starting to make your financial Read more . . .

Tuesday, December 19, 2017

Study Shows More than Half of Americans Don’t Have an Estate Plan

Earlier this year a survey was conducted that revealed Americans are alarmingly unprepared for end-of-life issues.  Most don’t have any form of will, and only about half have a durable power of attorney.  This lack of preparation can have dramatic consequences, so for most Americans this should be a wake-up call to get around to making their own plans. Not sure where to start? Consider talking with an

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