We Help Entrepreneurs and Families
Keep the Skies Clear and the Future Bright
Sky Unlimited Legal Advisory offers you the perfect combination of trusted advisor, problem solver, keeper of secrets and deep listener.
Our team is specifically trained to help you keep more money in your business and personal accounts, watch out for pitfalls, handle sticky situations (ideally before they even get sticky) and effectively tend to the parts of your business that are especially challenging.
At the same time, we work as your trusted advisor who helps you make the very best personal, financial, legal, and business decisions for your family throughout your lifetime.
You always said you wanted someone who could do all “that” stuff - the tasks that you’d rather not handle.
That's precisely where we step in - protecting your business and your family!
Notes from Our Chief Counsel's Desk
The first kind coaches the games, makes it to the school plays, stays up late helping with the projects, and loves his family in every visible way. He thinks about what would happen if something happened to him: maybe during a long drive home, maybe after a close call, maybe in a quiet moment watching his kids sleep. He thinks about it and then moves on, because the day-to-day of being a father takes up almost everything he has.
Father's Day tends to celebrate the first kind. The presence, the showing up, the love that fills a room.
The second kind does all of that and also answers the question.
The fathers who've truly done right by their families, the ones who've given their children something that outlasts them, are the ones who made a plan. Not because they expected the worst, but because they understood that loving someone means protecting them even when you can't be there.
Having an estate plan isn't just about deciding who inherits your assets. It's about ensuring the people you trust can make important decisions, your wishes are clearly documented, and your loved ones are protected if life takes an unexpected turn.
THE EVOLVING LEGAL LANDSCAPE FOR LGBTQIA+ FAMILIES
Marriage equality was a tremendous step forward, but it did not eliminate every legal or financial planning issue families may face.
Questions about healthcare decision-making, incapacity, inheritance, parental rights, and long-term planning often extend well beyond marriage itself.
For example, legal recognition of non-biological parents may require additional planning depending on a family's circumstances. Healthcare decisions can become more complicated if the person you trust does not have the proper legal authority to act on your behalf. Assets without updated beneficiary designations or trust planning could also pass in ways you never intended.
It's a proud moment.
It's also a legal turning point that many families don't fully appreciate.
When your child turns 18, they become a legal adult. While that birthday may not feel much different than the day before, the law sees it very differently. As a parent, you generally no longer have automatic authority to access your child's medical information, communicate with their college about certain records, or manage financial matters on their behalf.
Most parents don't discover this until they're faced with an emergency.
That's why one of the most important conversations you can have before your child leaves for college has nothing to do with class schedules, meal plans, or dorm essentials. It has to do with making sure a few key legal documents are in place before they're needed.
AN ADVANCE HEALTH CARE DIRECTIVE GIVES SOMEONE A VOICE IN AN EMERGENCY
Imagine receiving a phone call that your child has been seriously injured in an accident hundreds of miles from home.
While many families focus on education savings accounts, scholarships, and student loans, there is another option that is often overlooked: a Section 127 Educational Assistance Plan.
When properly structured, a Section 127 Educational Assistance Plan may allow a business to provide up to $5,250 per year in tax-free educational assistance to eligible employees. For some business owners, that employee may include an adult child who works in the family business.
Here's what you need to know.
WHAT IS A SECTION 127 EDUCATIONAL ASSISTANCE PLAN?
Section 127 of the Internal Revenue Code allows employers to establish educational assistance programs for employees.
Under current federal law, employers may provide up to $5,250 per employee, per year in qualified educational assistance that is generally excluded from the employee's taxable income while remaining deductible to the business as an ordinary business expense.
One area where you may still face unique legal hurdles is in ensuring your parental rights are properly protected, if you are a non-biological parent. Marriage may not be enough, but marriage in conjunction with estate planning gives you the maximum peace of mind.
This Pride Month, take the time to safeguard your family's future by putting the proper legal protections in place for yourself and the people you love. You worked hard to build this life —don't let lack of planning put it all at risk. In this article, I’ll address some key actions to take so you’re empowered to advocate for your rights as an LGBTQIA+ non-biological parent.
Establish Legal Parentage
As a non-biological parent, your first priority is to ensure you are recognized as the legal parent of your child or children. This may seem like a given, but the laws around legal parentage can vary significantly between states and get tricky for LGBTQIA+ families.