There are a lot of new terms to learn if you are new to estate planning. One of the most intimidating for many people is probate. Perhaps you’ve heard tales of people’s estates being stuck in probate for months or even years. Maybe you’ve had people tell you of their...
After a mild bout of procrastination, you are eager to develop an estate plan that will protect your assets and protect your family. Your initial uncertainty about how to start is gone. With a little research, a clear line on decision-making along with the advice of...
Entrepreneurship is a high-stakes game. Unfortunately, entrepreneurs face various challenges, including the threat of sabotage from within. An employee out to sabotage your business can cause immense harm, and it's essential to have a plan on how to deal with this...
When aspiring business owners start tackling the process of legally forming a new company, they generally begin by choosing a formal structure. As the formation process differs for each formation structure, this approach makes sense. In order to better ensure that...
You’ve worked hard your entire life to build what you own today (your home, savings and other assets). This also means that you need to plan for what will happen to your hard-earned assets when you pass on. And this is where estate planning comes in. One of the most...
No matter what, operating a small business comes with a certain amount of risk. Accidents happen, and you may one day be faced with some kind of claim against your company. Creating your new business as a corporation or a limited liability company can help insulate...
When people think about using trusts for someone's inheritance, they often picture incredibly wealthy individuals whose children will never need to work. However, trusts are actually beneficial for many middle-class families, not just the extraordinarily wealthy. If...
Starting a business is a lot like starting a new romantic relationship. It often comes with intense excitement about the future and some degree of personal risk. If you let your emotions dictate how you behave, you might eventually find yourself in a situation where...
Despite what you might think, estate planning is not just for rich people who have a significant number of assets. Where you have possessions, you have an estate and you should be thinking about what you want to happen to it after you pass away. The estate planning...
There are many benefits of forming a business partnership. A business partnership can help you combine efforts, resources and skills. However, sometimes partnerships can fail. This often happens when partners fail to address some issues when during the formation of...
