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
Why Reviewing Your Trust Regularly Isn't Optional—It's Essential
You've taken the important step of creating an estate plan, and it includes a trust—congratulations! This shows you care deeply about keeping your family out of court and conflict, ensuring your wishes are known and honored, and you do not want to leave behind a mess for the people you love.
Great work. But here's something you may not realize: an estate plan, a will, or a trust isn't a "set it and forget it" type of thing. Your estate plan is a living set of documents and tools that need regular attention to ensure they work when your loved ones need them and that they don’t fail at the worst possible moment.
Think about it this way: Would you still wear the same clothes you bought ten years ago without checking if they still fit? Probably not. Similarly, your estate plan, including your trust, needs to be reviewed regularly to ensure it still "fits" your current life situation, assets, the law, and your wishes. Let's explore why regular estate plan reviews are so crucial and how often you should be checking in on your plan.
LIFE CHANGES, AND YOUR TRUST SHOULD TOO
Life rarely stays the same for long. Since you created your trust, you've likely experienced changes in your personal and financial life. Each of these changes can impact how effective your trust will be in protecting your assets and providing for your loved ones.
Creating Compliant HR Systems and Avoiding Costly Employment Law Mistakes
As a business owner, you're juggling countless responsibilities daily. Between managing operations, driving sales, and planning for growth, HR compliance might fall to the bottom of your priority list. However, neglecting your HR systems can lead to expensive legal issues that could derail your business success.
In this blog article, I'll explore how implementing compliant HR systems can protect your company from costly mistakes while creating a positive work environment.
THE HIDDEN COSTS OF HR COMPLIANCE FAILURES
Many business owners don't realize the significant financial risks associated with poor HR practices until it's too late. According to the U.S. Equal Employment Opportunity Commission’s 2023 Performance Report, the agency secured more than $665 million in monetary relief for more than 22,000 victims of employment discrimination. For small and medium-sized businesses, a single lawsuit can threaten your company's financial stability.
Beyond direct legal costs, non-compliance creates other expenses that impact your bottom line. On average, turnover costs represent 39.6 percent of a position’s annual wage. Additionally, productivity losses and damage to your company's reputation can have lasting effects on your business success.
Till Death or Divorce: Why You Need to Plan Now for Your Relationship’s End
After the excitement of Valentine's Day fades away and the last indulgence of chocolate is savored, it's crucial to turn our attention to a topic that may not be as thrilling as the idea of everlasting love: the reality that all relationships come to an end one day.
Before you stop reading, hear me out.
Whether it’s a breakup, divorce, or the death of a loved one after a lifetime together, every relationship eventually will come to an end. The most important thing is how you have planned for that ending, or whether you haven’t at all, as your planning (or lack of it) will have a real impact on you, your partner, your children, and your assets.
The silver lining? While we can't prevent the end, we can prepare for it with a blend of compassion and strategic planning that makes the end the best possible foundation for a new beginning.
Understanding the Intersection of Love and Law
Love is wonderful—joyful moments, shared dreams for the future, and yes, some legal considerations too. For married couples, the law has default provisions in place for what happens to your assets if one of you dies, but those default plans may not align with your personal preferences or the life you’ve built with your partner.
Succession Planning for Small Business Owners: Starting the Conversation You've Been Avoiding
Most business owners spend years building their companies with dedication, sacrifice, and endless hours of hard work. You've likely poured your heart and soul into creating something meaningful that provides for your family and contributes to your community.
But there's an important question many business owners avoid: what happens to your business when you're no longer able to run it?
Succession planning is often the conversation business owners postpone until tomorrow – a tomorrow that sometimes never comes. Whether due to unexpected illness, retirement, or other life circumstances, having a clear succession plan isn't just good business practice; it's essential protection for everything you've built. In this article, I'll explore why succession planning matters, the costs of avoidance, and practical steps to begin this critical conversation.
WHY SUCCESSION PLANNING GETS PUSHED TO THE BACK BURNER
Before diving into the how-to, let's acknowledge why succession planning often gets delayed. Understanding these psychological barriers can help you overcome them.
How to Bulletproof Your Business Against Economic Uncertainty
In today's market, business owners face unprecedented challenges from inflation, supply chain disruptions, and shifting consumer behaviors. The economic landscape can change rapidly, leaving unprepared businesses vulnerable to significant losses or even failure.
However, with strategic planning and robust systems in place, you can fortify your business to withstand financial storms and emerge stronger on the other side. Let's explore proven strategies to protect your business against economic uncertainty and ensure its long-term sustainability.
BUILDING A FINANCIAL FORTRESS
A solid financial structure is the foundation of any resilient business. Yet, many business owners make the mistake of focusing exclusively on growth before they have a solid financial system in place. To build this foundation properly, you must start with a clear picture of where you currently stand.
Start by conducting a thorough assessment of your current financial position. This includes understanding your cash flow patterns, identifying your most profitable products or services, and recognizing which expenses are truly essential. With this knowledge, you can develop a realistic budget that allows for both growth opportunities and necessary safety measures.