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...
Whether you are starting a brand new business or opening a branch at a new location, signing a new lease agreement can be a complicated undertaking. Before inking a commercial lease contract, it is important that you do your homework and arm yourself with as much...
Parenting is a lifelong responsibility. However, life comes with its share of uncertainty. Like everyone else, you don’t know what tomorrow holds. And this may concern you if you have minor children. If a tragedy was to strike leading to your incapacitation or death,...
More people are discovering the benefits of using trusts as estate planning tools. What’s interesting about an annuity trust is that you can choose another person to be your beneficiary, or you can become your own beneficiary. Some annuity trusts even allow you to...
You have an idea for a new business, and you believe it can be financially viable. However, you know that you’re going to need funds to get it started. This means taking out loans or getting money from investors. What worries you is that taking out this much debt...
Your life insurance policy could play a major role in your estate plan, but the way that you handle the policy and its proceeds could impact the legacy you leave when you die. Although you may think you have properly addressed your life insurance policy in your estate...
