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 attorneys are 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


PARENTS, STEP-PARENTS AND CHILDREN, OH MY! BLENDED FAMILIES + DEATH = A POTENTIAL NIGHTMARE

Anyone who’s seen an episode of “Modern Family” knows that families these days come in many different shapes and sizes. Long gone are the days when a “family” was defined as a mother, father and two children (or was it 2.5 children? Where does the .5 come from anyway?).

In this blog article, we’ll focus on one of the types of families that’s common in our modern culture: the blended family.

 

The Unique Dynamics At Play In Blended Families

A “blended family” comes into being when parents divorce, and at least one remarries. While everyone may get along effortlessly while the parent is alive, that too-often doesn’t happen once the parent dies. Why? Because the law still hasn’t caught up to our modern definition of “family.”

 

The law often favors the spouse, which works well when the spouse and the deceased have children together. But when the deceased parent has children from another marriage, the children can - indeed, often are - cut out of their inheritance. Other than the law being slow to catch up, there are a few more reasons why this happens:

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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.

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April Fools! How DIY Wills And Trusts Offer A False Sense Of Security … And May Leave Your Family With An Expensive Mess

If you’ve been traveling around the sun for a while, you’ve no doubt heard of a Will, a document that says what happens to your money and belongings after you die.

You may even have a Will, or know you should get one. And maybe you’ve heard of a Trust and wondered what it is and how it works. You may have even done research on Google about how to do your own Will or Trust.

 

In fact, it’s hard to poke around the internet and not find do-it-yourself (“DIY”) Wills and Trusts services. Legal Zoom, TrustandWill.com, and even media personalities Dave Ramsey and Suze Orman offer cheap DIY documents. Heck, you can even create your own Will or Trust for free by downloading a few forms. What these websites won’t do, however, is explain the potential consequences that can happen if you use one of their services. 

 

Legal Documents Have Legal Consequences

The truth is that Trusts and Wills, and other documents that all adults should have in place, like a health care directive and power of attorney, are legal documents with legal consequences. 

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Avoid These 3 Mistakes When Choosing a Successor for Your Business

Selecting the individual to lead your business after you step down is a huge decision. It's not merely about finding someone who mirrors your personality or whom you favor personally.

Rather, the crux lies in identifying a successor who possesses the right qualifications plus the vision and capabilities to steer your company toward continued success. 

 

During this pivotal decision-making process, it's essential to sidestep these three common pitfalls that often hinder business owners when naming successors, as they can blur objectivity and impede the chosen candidate's ability to effectively assume control of the company.

 

Let’s dive in.

 

01 | Overlooking Diverse Leadership Styles

The temptation to seek a successor who mirrors your own thinking and actions can be strong. However, the essence of succession planning lies not in replicating oneself, but rather in identifying an individual poised to build upon your achievements and propel the business forward. 

 

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3 Business Tax Mistakes to Avoid This Tax Season

Ah tax season – That time of year when we’re required to get our ducks in a row whether we’re ready or not. And as a small business owner, there are extra pieces of your tax filing puzzle you need to watch out for to make sure you’re not only following the law but also getting the most tax savings for your business.

Working with a tax professional is always the best route to go when making tax decisions for your business, but making sure your tax-filing professional has the most accurate information possible about your business is essential in order for them to provide you with the best possible guidance and file the most accurate return come tax time.

 

To make sure your tax business tax return goes as smoothly as possible, make sure to avoid these three common employer tax mistakes.

 

01 | Wage and Hourly Payroll Tax Mistakes

Your business gets to deduct the compensation you pay to employees and contractors. But, minimum wage issues, overtime, holiday pay, and comp hours can complicate your payroll if you have W-2 employees and make your tax filing even more complicated. Plus, miscalculating what you’ve paid your employees, and therefore, how much tax has been paid on their earnings can have legal consequences for your company.

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