#budgeting Archives - Richard Russell Law

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2025 Federal Income Tax Brackets

January 22, 2025

Taxable income determines your tax bracket. Understand the 2025 federal income tax rates, compare marginal vs. effective tax rates, and

2025 Federal Income Tax Brackets

2025 IRS Standard Mileage Rates

January 16, 2025

Attention business owners! IRS standard mileage rates for 2025 have increased. Find out how to maximize your deductions. The IRS has

2025 IRS Standard Mileage Rates

Boost Your Social Security Benefits: Social Security Fairness Act Explained

January 15, 2025

Social Security benefits are increasing for many Americans. Find out if you’re eligible for increased payments and how to claim

Boost Your Social Security Benefits: Social Security Fairness Act Explained

Roth vs. Traditional IRA: Which One is Right for You?

December 4, 2024

Not sure whether to choose Roth vs. Traditional IRA? This post will explain the differences, including tax savings and withdrawal

Roth vs. Traditional IRA: Which One is Right for You?

2024 Year-End Charitable Giving

November 27, 2024

Taxable income determines your tax bracket. Understand the 2025 federal income tax rates, compare marginal vs. effective tax rates, and

2024 Year-End Charitable Giving

2024 College Tuition Increase: What Families Need To Know

November 20, 2024

2024 College tuition increase highlights show rising costs for public and private colleges. Learn how this impacts your budget and

2024 College Tuition Increase: What Families Need To Know

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Estate Planning for Missouri Families

Business Planning for Start-ups and Entrepreneurs

Powers of Attorney

Business Plan | LLCs

Estate Planning

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LEGAL & BUSINESS SERVICES

Powers of Attorney

Who will handle your financial affairs if you can't?

Who will make medical decisions if you are incapacitated?

What medical treatments do you want (and not want)?

last Will & Testament

Who will be the guardian and conservator for your minor children?

Who should inherit your property at your death?

Who will be responsible for settling your estate?

Living Trust

Do you want to avoid the time, expense and publicity of probate?

Do you want to protect your inheritance for your beneficiaries?

Have you funded your trust so as to avoid probate at your death?

Business Plan | LLC

Do you want to protect your personal assets from creditors of the business?

Do you want to protect the business assets from your personal creditors?

Does your business operate in one or more markets or brands?

Estate Planning

Have you or a loved one moved to Missouri in the last year?

Have there been recent changes to your family situation (kids, divorce, etc.)?

Have you made a recent change in your job/career or retired?

Probate

Has a loved one recently passed?

Is it unclear who should inherit specific assets or property?

Did you pay funeral expenses for a loved one?

Are there unpaid medical expenses or credit cards?

You want a plan to make sure your loved ones are taken care of and your affairs are in order but...

you don’t know what is best for your family,

where to start,

or maybe even the right questions to ask,

and how much it will cost.

Which probably makes you feel confused, overwhelmed and maybe even a little powerless.

I look forward to working with you so that you can stop worrying about leaving your loved ones unprepared for one of the most emotional and stressful times in life.

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