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NOVEMBER 2023
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It’s Finally Deer Hunting Season! Elliott Shares His Adventure in the Inyo Mountains
elevation, looking for signs of animals and figuring out spots where the deer might be. It was a productive trip, and it felt good to be out in nature, away from my desk, and doing something with my hands. Next week, we’re heading back to that same beautiful spot to do the real hunting. Josh, his cousin, and I were lucky enough to draw deer tags this year for the first time since 2020, and I can’t wait to get back out there! I’ve already hunted antelope in Oregon this year, but they’re nowhere near as challenging as deer. (They spend most of their time in flat alfalfa fields.) It will be exciting to creep through the woods using all of my senses to spot a buck.
talking about this trip for months! Since it will be much colder at our camping spot than it was this summer, we plan to rent an Airbnb down in Lone Pine with his cousin and drive into the mountains every morning. Our wives might even tag along. Josh and I have hunted together on and off throughout our 15 years of friendship. I started dove hunting with my dad when I was 10, then progressed to deer hunting with him and my grandpa. Dad taught me how to break down animals, pack them down the mountain, and turn the wild game into delicious burgers, roasts, and steaks. These days, my wife, Kayleigh, likes wild game even better than beef. The odds are slim that Josh and I will actually get a buck this year, but keep your fingers crossed for us. If our luck runs out, I have one more chance this hunting season: I drew a tag to hunt an elk in Oregon this winter! Hopefully, I manage to take down one or the other and bring home some wild game for Kayleigh. If you’re a hunter, happy hunting season — and if not, happy holidays! Next time I see you in the office,
The view from where we camped out in the Inyo Mountains.
A few months ago, my friend Josh and I stuffed our backpacks full of camping supplies, packed up his gas stove, and hiked off into the wilderness of the Inyo Mountains. We found the perfect camping spot at 9,000 feet of elevation right in the middle of forest service land. Death Valley lay to the south, and Mount Whitney rose in the west. We couldn’t make a wood fire or use our cellphones, but that didn’t matter because we weren’t there to roast s’mores — we were there to scout for deer!
“We couldn’t make a wood fire or use our cellphones, but that didn’t matter because we weren’t there to roast s’mores — we were there to scout for deer!”
Josh and I are looking forward to making the trip together. We’ve been friends for over 15 years, and he’s also a Dahl Law Group client, so between hanging out as kids and working on his estate plan, we know each other really well. We’ve been
ask if I got my buck, and I’ll tell you all about my hunting adventure. –Elliott Harry
We spent the weekend wandering through the woods from 8,500 to 10,000 feet of
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Deer have great night vision, but they can’t see some colors, like orange and red! If you’ve ever wondered why hunters wear bright orange when tramping through the wilderness, this is the answer. Not only does the neon color protect them from snipers who might mistake them for an elk or coyote, but it also makes them essentially invisible to deer. Why does this work? Well, deer have dichromatic vision, meaning they see color differently than humans who have trichromatic vision. Here’s how Field & Stream explains the difference in our eyesight: “Just like the human eye, a deer’s eye contains rods and cones. Rods work to absorb light and cones are for seeing color and distinguishing details. The human eye is packed with cones, which help us see a pile of different colors and spot fine detail. A deer’s eye is packed with rods, which help the animal see in low light, but it has far fewer cones, so a deer’s ability to see some colors — like blaze orange — is compromised.” Deer see the world almost exclusively in green, yellow, and blue. In their eyes, an orange vest will blend in with green leaves, but a blue coat will stand out like neon! Keep that in mind next time you pack up for a hunting trip like Elliott’s. Did You Know?
Is Your Company Safe From Charging Orders?
What to Know About This Creditors’ Weapon
When creditors pursue a judgment against a debtor who owns a business, the courts issue a charging order. This
authorizes a lien against distributions from a limited liability company (LLC). It’s important to understand how these orders work and what they could mean for your LLC and its members, partners, and owners. LLCs provide liability and asset protection that other entities do not, including protection from some aspects of charging orders for multi-member LLCs. The same guidance in this article also applies to corporations, limited partnerships, and other entity types. WHAT CHARGING ORDERS DO Charging orders allow creditors to claim a debt from an individual who receives payments out of an LLC they are a partner or owner of. The creditor seizes the money owed to them through a lien against distributions paid out directly to the individual named in the charging order. Some states, including California, allow creditors to foreclose on a debtor’s membership interest in an LLC with the use of court judgments. This creates a significant risk for single- member LLCs that have no other partners to prevent the complete liquidation of the company and for multi-member LLCs who want to distribute assets out to the owners. Charging orders also have tax consequences. While the distribution goes to the creditor, the tax bill stays with the member in most cases. HOW LLCS PROTECT AGAINST CHARGING ORDERS If you have a multi-member LLC, it will protect other members from the debt of a lone member. Ensuring your LLC has a buy- out clause for members adds an additional layer of protection should a member’s debts disrupt company operations. The lone protection single-member LLCs get from charging orders is that this does not expose company or personal assets to any form of liability. A charging order can only target distributions, so if the debt does not represent a large portion of the interest in the LLC, your company can survive. It’s best to work with an attorney before you’re faced with a charging order. Our experienced lawyers can help you optimize your asset protection strategies to either avoid or prepare for the circumstances we described.
Do you have a friend who needs our help? When you’re done reading, give them this newsletter and recommend that they scan this QR code. We can help them solve their tax, business, or estate planning problems before they get worse.
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You Need This Safety Net for Your Estate Plan! The Vital Benefits of a Pour-Over Will
You worked hard for the wealth and assets you own today, and part of estate planning is dictating what happens to that hard work when you’re gone. We often focus on the advantages of establishing trusts to manage money and assets, but what happens when those trusts don’t cover everything you have? This is where a pour-over will comes in. It lets you provide guidance for everything that’s left when the planning is said and done. WHAT IS A POUR-OVER WILL? A pour-over will is a last will and testament that addresses the assets left out of your trust after your death. What happens to small bank accounts that are not titled to your trust upon your death? What about assets you acquired late in life and never added to your trust? What happens if you take the house out of your trust for a refinance but forget to put it back in? A pour-over will provides a safety net that
cover all the necessary ground you’re able to while you’re alive. When establishing a living trust, you can draft a pour-over will as well and list the trustee as its executor. This indicates that you want the probate court to move any assets left out of the trust into the trust before the execution of your estate takes place. RELY ON THE GUIDANCE OF AN EXPERIENCED ESTATE PLANNING ATTORNEY A pour-over will allows you to cover your bases should you die unexpectedly or be otherwise unable to update your plan when you acquire new assets. Like other estate planning tools, it comes with layers and nuances that require the careful attention of an estate planning attorney. When you’re ready to ensure your plan is not only thorough but also accurate, we’re here to help. We can make sure your hard work and legacy aren’t in limbo after your death.
moves the assets in question into the trust after you pass away, when it’s too late to make changes to your estate plan.
TYING A POUR-OVER WILL TO YOUR TRUST
Your pour-over will must be tied to a trust in order to be effective. It’s important to set up a pour-over will with your trust and
Tasty Apple Pie
GET A HEAD START ON YOUR LEGACY INTERVIEW! Scan this QR code to request a FREE copy of our Legacy Interview questions. With them in hand, you
Just like Grandma made!
Ingredients • 2 9-inch unbaked pie crusts • 6 cups thinly sliced peeled apples • 1 tsp cinnamon
can create a precious gift for your children, grandchildren, and other loved ones that will preserve your memory for decades to come.
• 3/4 cup granulated sugar • 2 tbsp all-purpose flour • 2 tbsp butter
“Always do your best. What you plant now, you will harvest later.” –Og Mandino
Directions 1. Preheat oven to 425 F. 2. Place 1 pie crust in a 9-inch pie plate.
3. In a large bowl, combine apples, cinnamon, sugar, and flour. 4. Spoon mixture into pastry-lined pie plate and dot with butter. 5. Cut remaining crust into 1/2-inch-wide strips, then arrange strips in a lattice design over top of pie. 6. Trim, seal, and flute edges. 7. Bake for 35 minutes or until crust is golden brown and filling is bubbly.
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INSIDE What’s
2. 1. Elliott Prepares for Deer Hunting
Why Deer Hate When Hunters Wear Orange How to Keep Your Business Safe From Creditors Why You Need a Pour-Over Will in Your Estate Plan Tasty Apple Pie The Power of Post-Meal Walking
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Walk Your Way to Better Digestion
We all know the after-lunch slump leaves us counting the minutes to our next nap. But research shows that sleeping or lying down after eating isn’t the best for health (no matter how good it feels). When you do this, you’re not allowing your body the time it needs to digest your food properly, and you may experience various digestive issues, such as acid reflux and heartburn. So, is walking the best activity to do after eating? The answer is yes! Walking is a light movement that can help your food move through your stomach and intestines, making digestion smoother. Not only can walking help improve your digestion after eating, but this simple exercise can also bring many other benefits:
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Regulating blood sugar levels Managing blood pressure Reducing the risk of heart disease
As for frequency, ideally, you should go for a stroll after every meal. However, to get started, try going for a walk after dinner. You can increase your number of walks as you get accustomed to the exercise. Ten minutes is all you need to reap the benefits of walking after eating. While you can walk longer if you’d like, 10 minutes is doable even with a busy schedule. Plus, if you walk for 10 minutes after every meal, that’s 30 minutes of exercise daily! Take your dog with you or stroll with your headphones, listening to your favorite podcast. How you walk is up to you, but no matter what, you’re doing your mind and body a huge favor!
Boosting your mood Improving sleep quality
Of course, regular exercise improves your overall health significantly, even if it’s just a quick walk around the neighborhood! THE POST-MEAL WALK: WHEN AND HOW LONG IS BEST? You gain the most digestive benefits if you walk right after eating. Waiting too long afterward may only minimally aid your digestive process. Be sure to get moving as soon after your meal as possible!
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