As the holiday season nears, we often focus on celebrations, gift-giving, and spending time with loved ones. However, it’s also an excellent time to update your estate plan in November. While estate planning might not be your top priority during the holidays, reviewing and updating it now can bring you peace of mind. By taking […]

If you’re an Arkansas, Tennessee or Texas resident, over the age of 55, and have $250,000 or more in a 401(k), IRA or 403(b) account, you could be on the path to paying significantly more in tax than you should be… Free Legal, Financial & Tax Materials to Protect Your Wealth and Loved Ones If […]

Dreaming about retirement often conjures images of relaxation, travel, and pursuing hobbies without the constraints of work. However, to transform those dreams into reality, meticulous planning and budgeting are essential. This blog discusses important steps to achieve financial stability and security in your retirement years. Understanding Retirement Expenses Retirement ushers in a new phase of […]

Estate planning can be tricky business: more often than not, people who want to write an iron-clad will or establish a strong trust want to both save their heirs money and ensure that their arrangements cannot easily be contested. For that reason, many people get confused as to whether they should hire a licensed attorney […]

If you’re a farmer here in Arkansas, there’s a good chance your land has been in the family for generations, and you want to ensure that it is passed down to your children. Among the most common questions Arkansans ask estate planning attorneys is how they can protect their property if they have to go […]

How can I minimize taxes when I sell my business? When you’re planning to sell or transfer a profitable business, taxes are almost always one of the trickiest points of negotiation. After all, a business sale is like any other—whether you’re scoring a big haul or getting less than you’d hope, money is still money. […]

All is not lost if your loved one dies “intestate” (without a will). Arkansas has default inheritance rules in place for such an occurrence. Thus, if there is no will, or the decedent’s will is found to be invalid, the decedent’s heirs can still be determined and the decedent’s estate can still be probated. Only assets […]

Should I consult a financial advisor if I recently inherited money? An inheritance can be a pleasant boon, even if it comes amidst grief and mourning. However, a sudden influx of cash could drastically change your financial situation, giving you unexpected responsibilities. A financial advisor could help you make sense of your newfound wealth, suggesting […]

Let Our Team Help You Take Control of Your Financial Future At Quraishi Law Firm & Wealth Management, we believe a solid financial plan serves as a tool to help you live your best life. When you’re confident your assets are protected and you’re saving enough to meet your long term goals, you’re better equipped […]

As families navigate the complex landscape of aging parents, the significance of elder care planning within estate planning emerges as a cornerstone for ensuring a secure future for loved ones. Supporting aging parents involves an approach that encompasses not only their healthcare needs but also their financial well-being and overall quality of life as they […]

On this episode, we’re shifting our focus beyond the usual hustle and bustle of tax season. Host Carrie Quraishi is joined by her new co-host Jr Quraishi, Tax Strategist at Quraishi Law and Wealth. They discuss the importance of proactive tax planning and some strategies to help business owners. 

Whether you have inherited a family farm, are starting a new business, or are simply trying to protect what you have already built, you may not have considered what type of entity your agricultural enterprise is or could be. Making the right choice can have long-lasting effects on your farm’s management strategy and tax obligation. […]