As part of their estate planning, many people choose to establish trusts for their children, grandchildren or others to give them a financial “leg-up” as they enter adulthood. Often, these trusts are set up with conditions. These can be as simple as stating that the...
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2 signs you could be dealing with a fraudulent will
Sometimes a will turns out to be fraudulent. As you probably know, a fraudulent will cannot be enforced. Rather, a will that is deemed fraudulent may be challenged by the interested parties. Here are some of the red lights that may be indicative of a fraudulent will....
Could an LLC be the right structure for your new company?
Starting your own business is a bold decision but it can also be very rewarding. From the outset, you’re going to have to make some important calls, and choosing the appropriate business structure is one of these. One of your options is to form a Limited Liability...
Dying intestate: Why don’t more people write a will?
A will is relatively simple and cheap compared to some other estate planning options, and it can cover several things. Despite this, many people do not have one. About 68% of Americans, that’s nearly one out of three people, die without a will (also called dying...
3 important considerations when you want to sell your business
The decision to list your business for sale may have been a long time coming. It may be your plan for funding retirement because you invested your savings in the company. Selling your business may have been the ultimate goal when you created the company in the first...
Estate planning for parents: 2 things to consider
Every adult should have an estate plan suited to their needs. When you have children, you also need to consider their needs. Here are two areas that parents need to attend to: Guardianship You could die before your child reaches 18. You have a legal responsibility...
2 steps that cause estate problems
A will makes it easier for people to disperse their estate to their family and loved ones after they pass away. People usually write wills during their life at some time or another. This legal document may only be a few pages, but every detail matters – in more ways...
What should a single person consider when estate planning?
Adults who aren’t married and who don’t have any children have some very important decisions to make when it comes to their estate plan. Without having everything in order, their assets will be handed out based on the state’s intestate laws. You also have to think...
How do you choose a legal guardian for your child?
It is difficult to imagine your child growing up under someone else’s care. However, this is inevitable if something were to happen to you and your co-parent. A guardian is a person nominated to make important decisions on behalf of the child should the parents pass...
Do you need to offer your employees contracts?
You're about to launch your small business, and you're hiring your employees for the day of the opening. It's a comprehensive process, and you certainly want to make sure you have the best possible employees on the job so that your new business makes a good...
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