Quraishi Law Firm & Wealth Management

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Quraishi Law Firm & Wealth Management Helping families and small business owners protect their wealth and loved ones. We believe in an integrated approach to financial, legal, and life planning.

Quraishi Law & Wealth is dedicated to helping families and small business owners protect their wealth and loved ones while minimizing taxes and creating a lasting legacy. Our goal is to help inspire and educate so that you can make smarter decisions to better protect your loved ones and wealth.

Most parents with young kids figure that if something happened to them, everything would simply go to the children. That...
11/03/2026

Most parents with young kids figure that if something happened to them, everything would simply go to the children. That's the goal. The catch is how it gets there.

A child under 18 can't legally manage money or property on their own. If you leave assets to your kids without a plan for who manages them, a court usually has to step in and appoint someone. That means time, cost, and court oversight at a hard moment for your family.

And when that arrangement ends, the money can land in your child's hands all at once, often at 18 or 21. Few of us were ready for a large check at that age.

A little planning now changes the picture:

You choose who manages the money for your kids, instead of leaving it to a judge.

You decide when and how they receive it. Some parents spread it out over time or tie it to school or other milestones.

You check the beneficiaries on your life insurance and retirement accounts so they line up with the plan.

If your kids are still young, this is one of the most caring things you can put in place. We're happy to help you think it through when you're ready.

Happy Halloween from all of us at Quraishi Law & Wealth!Whether you're handing out candy on the porch, walking the neigh...
10/30/2026

Happy Halloween from all of us at Quraishi Law & Wealth!

Whether you're handing out candy on the porch, walking the neighborhood with your little ones, or sneaking a few pieces from their bags after bedtime, we hope your weekend is full of fun.

Stay safe out there, and enjoy every minute of it.

Many people assume Medicare will pay if they ever need help at home or a move to a nursing home. For most long-term care...
10/29/2026

Many people assume Medicare will pay if they ever need help at home or a move to a nursing home. For most long-term care, it won't.

Medicare can cover short stretches of skilled care after an illness or injury. But help with everyday things, like bathing, dressing, and eating, is what most long-term care is. Medicare, and most health insurance, generally doesn't pay for that.

That means the cost usually comes from savings, and it can add up fast. It's one of the biggest risks to the money you've worked hard to build, and to what you hope to leave your kids.

A few questions worth thinking about:

If you needed care for a few years, how would you pay for it?

Would your spouse still have enough to live on?

Who would make decisions for you if you couldn't?

There are options, from insurance to savings strategies to planning ahead with the right documents. The earlier you look at them, the more choices you have.

If you'd like to talk through what a plan for care could look like for you and your family, we're here to help.

A lot of people think they have until April to make retirement contributions count for this year. For some accounts, tha...
10/28/2026

A lot of people think they have until April to make retirement contributions count for this year. For some accounts, that's true. For others, it isn't.

Workplace plans like a 401(k) or 403(b) run on your paycheck. To count for 2026, the money has to come out of a 2026 paycheck. Once the last payday of December passes, that window closes.

IRAs work differently. You can generally still make a 2026 IRA contribution up until the tax filing deadline in April 2027.

Why this matters right now:

You only have a handful of paychecks left this year. If you want to put more into your 401(k), the time to change your election is now, not in January.

Check how your payroll handles changes. Some employers need a week or two to process a new amount.

If you're 50 or older, you may be able to put in extra on top of the regular limit.

A few minutes on this now can mean a lower tax bill next spring and more set aside for later. If you'd like help deciding how much makes sense for you, we're happy to walk through it with you.

Most of us never sat down with our parents for a real talk about money. We picked it up anyway, from what we saw at the ...
10/27/2026

Most of us never sat down with our parents for a real talk about money. We picked it up anyway, from what we saw at the kitchen table.

Your kids are doing the same thing right now.

They notice how you talk about bills, how you handle a big purchase, and whether money feels like a worry or a plan. That shapes how they'll handle their own paychecks someday.

A few simple ways to make it a better lesson:

Talk out loud about choices. "We're waiting on that until next month" teaches more than a lecture ever will.

Let them make small mistakes now. Spending their whole allowance on one thing at age ten is a cheap lesson. At thirty, it costs a lot more.

Show them saving in action. A savings account in their name, or watching a goal get closer, makes it real.

As they get older, let them in on more. Teenagers can handle more of the picture than we often give them credit for.

You don't have to have it all figured out to be a good example. If you'd like help building a plan you'd be proud to pass on to your kids, we're here when you're ready.

It seems like a simple fix. Add one of your kids to your bank account or the deed to your house so they can help pay bil...
10/23/2026

It seems like a simple fix. Add one of your kids to your bank account or the deed to your house so they can help pay bills, or so it goes to them later.

It often causes more problems than it solves.

When you add a child as a joint owner, you're making them a co-owner, not just a helper. That can mean:

Their problems become your problems. If your child is sued, divorces, or falls behind on debts, your account or home may be pulled into it.

They can take money out without asking you. Most kids never would. But the law usually doesn't stop them.

Your other kids may be left out. A joint account generally goes to the surviving owner, no matter what the rest of your plan says.

There are usually better tools for the same goal. A financial power of attorney lets a child help manage your money without owning it. Payable-on-death and beneficiary designations on many accounts can pass the money straight to the people you choose.

If a family member is already on your accounts, it's worth a review. We'd be glad to help you and your kids set things up the right way.

This is the time of year when a lot of employers ask you to pick next year's benefits. It's easy to click "keep what I h...
10/21/2026

This is the time of year when a lot of employers ask you to pick next year's benefits. It's easy to click "keep what I have" and move on. It's worth a few extra minutes.

A few places where the choices can affect your taxes and your savings:

Health savings accounts. If you pick a qualifying high-deductible plan, an HSA lets you put money in before tax, grow it, and take it out tax-free for medical costs. Money you don't spend stays yours and can keep growing for later in life.

Flexible spending accounts. These also use pre-tax dollars, but much of the money is use-it-or-lose-it. Some plans allow a small carryover or a short grace period. Set it to what you actually expect to spend.

Life and disability coverage. Check how much you have through work and whether it still fits your family. Coverage through work usually ends when the job does.

While you're in there, look at who is listed as beneficiary on your workplace life insurance and retirement plan. Make sure it still matches your life.

If you'd like a second set of eyes on your benefit choices and how they fit your bigger picture, we're happy to help.

It's the question most parents of young kids would rather not think about. It's also one of the most important ones to a...
10/20/2026

It's the question most parents of young kids would rather not think about. It's also one of the most important ones to answer.

If both parents are gone and nobody has been named in writing, a judge decides who raises your children. The judge will do their best. But they don't know your family the way you do, and relatives who love your kids don't always agree on who should step in.

When you put your choice in writing, the court gives it real weight.

A few things worth thinking through:

Who shares your values and would raise your kids the way you would? It doesn't have to be the obvious relative.

Who comes next if your first choice can't do it?

Should the same person handle the money? Sometimes the best person to raise your kids isn't the best person to manage what you leave them. You can split those jobs.

Have you asked them? It's a big request, and it's a conversation worth having before anything is signed.

You don't need to have every answer today. If you'd like help putting a plan in place for your kids, we're here to talk it through with you.

Most people think about when to start Social Security as a personal decision. For married couples, it's a decision for t...
10/16/2026

Most people think about when to start Social Security as a personal decision. For married couples, it's a decision for two.

Here's why. When one spouse dies, the survivor generally keeps the larger of the two benefits, and the smaller one stops. That means the higher earner's benefit is really the one that has to last.

If the higher earner waits to claim past full retirement age, their benefit grows each year up to age 70. That larger check doesn't stop when they die. It can carry on to the surviving spouse.

So the right answer isn't always "take it as soon as you can" or "always wait until 70." It depends on your health, your ages, your other savings, and how long each of you is likely to need income.

It also helps to talk about it with your kids, especially if one parent may outlive the other by many years.

If you're getting close to this decision, let's look at it together, with your whole picture in view.

October is Cybersecurity Awareness Month. It's a good time to talk about something that hits a lot of families: scams ai...
10/15/2026

October is Cybersecurity Awareness Month. It's a good time to talk about something that hits a lot of families: scams aimed at older adults.

They usually don't look like scams. It's a call from someone saying they're the bank, Medicare, or the IRS. A text about a package. A message that a grandchild is in trouble and needs money right now.

A few things that help:

Agree on a rule as a family. Nobody sends money, gift cards, or account information because of a call, text, or email they didn't start. Hang up and call back at a number you already know.

Pick a family code word. If someone calls claiming to be a grandchild in trouble, ask for it.

Ask your parents' bank about adding a trusted contact to their accounts. That gives the bank someone to reach if something looks wrong.

Make sure the right powers of attorney are in place. If something does happen, someone needs the authority to step in quickly.

Talking about this with your parents can feel awkward. It's a lot easier than the conversation after the money is gone. If you'd like help setting up these safeguards, we're glad to help you and your family.

Address

Jonesboro, AR

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 12pm

Telephone

(870) 275-4304

Website

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