The KLR Law Firm, PLLC

05/10/2026

Informative chart showing the most expensive states in which to die in which to die. Source is Charles Schwab magazine with information current as of Nov ‘25. Of course the federal estate tax remains a constant, and the federal exemption currently sits at $15M for a single person or $30M for a married couple. As always call or email us with questions!

04/23/2026

No, an offshore LLC does not magically make United States income tax free. 🚨

If you are a United States citizen or resident, you are generally taxed on worldwide income.

And when income comes from your work or services, the key question is where the work is actually performed. If the work is performed in the United States, routing money through a foreign company usually does not turn it into tax free foreign income. 💼🌎

Yes, there is a real foreign earned income exclusion. For tax year 2026, the maximum exclusion is $132,900 per qualifying person. But that rule applies only if the income is actually foreign earned income and the taxpayer meets specific residency or physical presence requirements abroad. It does not apply just because someone set up an offshore company. 📄

In plain English, if you live and work in the United States, an offshore entity is usually not a magic tax solution. It may, however, create reporting issues, penalties, and expensive cleanup later. ⚠️

If a tax strategy sounds too easy or too good to be true, get competent advice before signing anything. ✅

Have you seen pitches like this online lately?

11/27/2025

To all of our clients, family and friends, have the Happiest of Thanksgivings! We are grateful for and blessed by all of you!

11/12/2025

Put your money first, not last. Learn how a UCC 1 can turn an informal owner loan into a secured claim. 💼📌 Read now 👉 https://www.linkedin.com/pulse/make-your-money-senior-sorry-kenneth-l-ritterbusch-esq--zybcc/?trackingId=UBJsoaCER%2FKsMhil%2FV2T3A%3D%3D

11/11/2025

Crypto turns estate planning into an access and authority problem. If no one can lawfully control your keys, your wealth is at risk. 🔐 In my new newsletter, I explain what executors really face: locked wallets, platform terms, and two factor roadblocks, plus a practical plan to fix it with the right documents, custody model, and playbook. 🧭

Read the full guide 👉https://www.linkedin.com/pulse/crypto-custody-executor-risk-kenneth-l-ritterbusch-esq--gkylc/

09/07/2025

🛡️ Ever wondered who’s really on the hook if something goes wrong—a property owner or the person running the show? This isn’t just a business problem; it affects families, investors, and anyone with valuable assets!

This week I break down the difference between owner and operator liability and share how savvy use of LLCs and similar structures can help protect your home, business, or investments from unexpected risks. From family lake houses to flight schools, getting the right protection is easier than you think—if you set things up correctly.

Curious how to keep your hard-earned assets safe? Check out my latest newsletter for practical tips and real-life examples!

Click below to read the full newsletter, and as always, it would be our privilege to be of service.

This week, I heard from two clients, one managing commercial real estate, the other running a flight instruction business who each asked about a critical, but often overlooked topic: Who is actually liable when something goes wrong? Is it the owner, the operator, or both? Whether you own a business,

08/31/2025

LET'S TALK TRUST(s)!!

Unlike people, not all trusts are created equal!! Specifically, Revocable Living Trusts (RLTs). As we enjoy this holiday weekend in one way or another and take stock of each of our lives, a quick reminder as to what RLT's are and as importantly are not!

RLTs are a critical part of an estate plan. While the "grantor(s)" are alive or have capacity, the trust is fully revocable. After their passing, the RLT generally becomes irrevocable providing a shield against creditors of the estate's beneficiaries. RLTs serve several important functions including 1) keeping assets out of probate after your passing, 2) keeping your wishes private (probate proceedings in court most often become PUBLIC record), 3) ensuring with far greater specificity than is available in a simple will that your wishes are followed with whatever conditions you wish to place on the distribution of your assets, 4) with judicious use of spendthrift clauses and the like, your assets are protected from your beneficiaries' future creditors, ex-spouses, and lawsuits, and 5) combined with a pour-over will can take your probate estate to near zero again saving potentially a large amount of time and cost.

While a revocable living trust avoids probate and streamlines estate administration, it does not provide asset or creditor protection, estate tax advantages, or Medicaid planning benefits during the grantor’s lifetime—assets remain fully accessible to any creditors just as if owned outright; if asset protection is desired while the settlor is alive, entities such as LLCs or limited partnerships (LPs) should be used in conjunction with or in addition to the trust.

As always, if there are any questions or concerns, it would be our privilege to be of service.

(888) 203-5668
[email protected]

08/25/2025

This is too important to ignore, handing down fi****ms isn’t simply giving over a key to your safe. Awareness is key to avoid inadvertently triggering potentially severe legal ramifications for your heirs or beneficiaries!

Owning fi****ms, especially those covered by the National Fi****ms Act (NFA), brings unique estate planning challenges. If you want a smooth handoff for your collection (and peace of mind for your loved ones), it pays to understand the laws and proper planning steps.

08/22/2025

QUITCLAIMS ARE EASY, BUT SO IS REGRET!

Choose a Smarter Deed!

Thinking of transferring real estate into your LLC? You’re not alone if your instincts point you towards a quitclaim deed. They’re simple, fast, and well-known, but before you take that route, let’s talk consequences.

A quitclaim deed passes along whatever interest you have in the property (if you have any at all) with zero warranties or guarantees about title. That means if there’s a hidden lien, an old claim, or a title defect from your period of ownership, your LLC is completely unprotected. Title companies and lenders often cringe when they see quitclaim deeds in the chain of title, and future buyers may demand extra documentation or possibly even walk away.

Allow me to suggest the special warranty deed as an alternative! It still keeps things straightforward, but with a smart upgrade. You, as the grantor, promise that you haven’t done anything to impair title while you owned the property. This narrow warranty gives confidence to your LLC and lays a much cleaner path for future transactions, whether that’s selling, refinancing, or passing the property to heirs.

Why does this matter?

Future sales: Buyers and their lenders are much more comfortable with a special warranty deed in your chain of title.

Title insurance: Insurers may scrutinize or even exclude coverage if there’s a quitclaim deed involved.

Legal protection: Even when transferring to your own LLC, giving reasonable warranties today helps you (or your successors) avoid surprises tomorrow.

Bottom line: Quitclaim deeds are easy, but regret is easier. A special warranty deed helps ensure your LLC’s investment stays secure, your title remains clean, and your future self thanks you.

Have questions or planning a transfer? Let’s connect, because a few extra details now is a whole lot better than “shoulda, woulda, coulda” later. As an added bonus, The KLR Law Firm not charge any extra for a special warranty deed vs a quitclaim!

(888) 203-5668
[email protected]

08/22/2025

Ever wonder how to make sure your loved ones are cared for—and avoid family drama—after you’re gone? My new newsletter, “Trust Issues? How QTIPs Keep the Peace After You’re Gone,” has the answers! 🌟

We break down how QTIP trusts can help blended families, protect your wishes, and even save on taxes. Real-life examples included (no law degree required!). If you want peace of mind about your legacy or just want to keep things smooth for your family, this is a must-read.

Check it out and let us know what you think! 📝✨

https://www.linkedin.com/pulse/trust-issues-how-qtips-keep-peace-after-youre-gone-ritterbusch-esq--lgxqc



(888) 203-5668
[email protected]