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.

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.

Happy National Dessert Day!Every family has one. The pie that shows up at every Thanksgiving. The cake someone's grandmo...
10/14/2026

Happy National Dessert Day!

Every family has one. The pie that shows up at every Thanksgiving. The cake someone's grandmother made for every birthday. The cookies nobody has managed to make quite the same way since.

We'd love to hear about yours. What's the dessert your family can't do without?

Here's hoping today includes a second helping.

If you're 70½ or older and you give to your church or a charity every year, there may be a better way to do it.Most peop...
10/13/2026

If you're 70½ or older and you give to your church or a charity every year, there may be a better way to do it.

Most people write a check from their bank account. But there's another option called a qualified charitable distribution, or QCD. The gift goes straight from your IRA to the charity.

Why it matters:

The money that goes to the charity isn't counted as taxable income to you. That's true even if you take the standard deduction and don't itemize.

Once you're old enough for required minimum distributions, a QCD can count toward your RMD for the year.

Lower taxable income can help in other places too, like how much of your Social Security is taxed and what you pay for Medicare.

A few rules to know. The money has to go directly from your IRA to the charity. If it lands in your checking account first, it doesn't count. In 2026 you can give up to $111,000 this way, and a spouse with their own IRA can do the same. It has to be done by December 31 to count for this year.

If giving is already part of your life, it's worth making sure it's set up the smartest way. We're happy to walk through it with you.

When people think about planning, they think about documents. But a lot of what happens later depends on something simpl...
10/09/2026

When people think about planning, they think about documents. But a lot of what happens later depends on something simpler: who you choose to be in charge.

That's the person who would handle your money if you couldn't. The one who would talk to your doctors. The one who would manage things for your kids or grandkids after you're gone.

A few things to think about:

The oldest child isn't automatically the right choice. Look for someone organized, steady, and able to deal with family tension calmly.

The person who's good with money and the person who's good with people may not be the same. Different roles can go to different people.

Name a backup. Life changes, and your first choice may not be able to serve when the time comes.

Talk to them before you put their name down. Nobody should find out from a document that they're in charge.

If your choices were made years ago, it's worth asking if they still fit your family today. We help families think this through all the time, and we're glad to help yours.

Most people look hard at their investments when the market drops. Very few do it when things are going well.But a good s...
10/07/2026

Most people look hard at their investments when the market drops. Very few do it when things are going well.

But a good stretch is exactly when your mix can drift.

Say you set out to have a certain amount in stocks and the rest in steadier holdings. After a strong run, the stock side grows faster. Without you changing a thing, you're now taking more risk than you signed up for.

That matters most when you're close to retirement or already living on your savings. You and your kids shouldn't find out what your real risk level was during the next downturn.

Rebalancing simply means bringing things back to the plan. You trim what has grown and add to what has lagged. It isn't a prediction about where markets go next. It's sticking to the decision you made when you were calm.

In a taxable account, how you rebalance matters too, because selling can trigger gains. That's where investment and tax planning need to work together.

If it's been a while since anyone looked at your mix, now is a good time. We're happy to take a look with you.

This is Fire Prevention Week. The fire safety part matters most: test your smoke alarms, and charge phones and other bat...
10/06/2026

This is Fire Prevention Week. The fire safety part matters most: test your smoke alarms, and charge phones and other battery devices safely.

There's also a second question worth a few minutes this week. If your home were lost tomorrow, how much of your life could you put back together from your records?

A few simple steps help:

Walk through your house with your phone and record a video of each room. Open the closets and drawers too. It's the easiest home inventory you'll ever make.

Keep copies of the important papers somewhere other than the house. That means insurance policies, account information, IDs, and your planning documents.

Ask your insurance agent if your policy pays to replace what you lost or only what it was worth. Those can be two very different checks.

Make sure someone you trust, like one of your kids, knows where those copies are.

Protecting what you've built isn't only about investments and legal documents. Sometimes it starts with twenty minutes and a phone camera. If you want to talk through how your coverage fits your overall plan, we're glad to help.

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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