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The company that you purchased, built or inherited may be part of the legacy you have dreamed of leaving for your children. You may have chosen someone, perhaps your oldest child, as your ideal successor for the business. You might intend to leave the company to them...
Every transaction your business completes is an opportunity for profit or risk. Your contracts help protect you from losses when doing business. Including the correct details in your transaction will maximize the protection you have while doing business with your...
You’ve always been a responsible person, and you consider your estate plans to be the last, loving act that you can do for your family. Should you, then, invest in a prepaid funeral and burial (or cremation) plan? It seems like that would take some burdens off your...
Thinking about your death is never an easy thing for most people. The very thought that you will one day pass on is usually a challenge for even the strongest among us. However, if you have assets and wish to pass those on in a particular fashion, then it is important...
Starting a partnership is exciting, as you are likely enthusiastic about your business plan. You may be so focused on finding facilities or developing a prototype that you don't stop to think about the importance of an agreement with your partner(s). There are...
It is important that you have the ability to tell others how you want to be treated if you need medical care. If you’re unable to speak on your own behalf, will the people around you know what you want? If you’re not sure that those who surround you will listen to...
You’re getting up there in years -- but so are your adult children. While your family has always been a long-lived bunch, there is still the possibility that one of your children won’t live long enough to receive their inheritance (especially if probate drags on)....
Investing in real estate is quite popular nowadays. While some individuals get into the industry looking to have rentals that they can generate income off, others simply find a home in need of a little tender love and care (TLC), perform some repairs and put it back...
When you open up a financial account, you answer specific questions. One of these has to do with what you want to happen to the account if you pass away. The bank sets up a payable on death designation based on your wishes. This is formally known as a Totten trust. ...
A mistake a company may make is entering a lawsuit over a valid contract. A company may want to sue for various reasons: invoice disputes, project below acceptable standards, etc. However, a company not meeting expectations isn’t a legal dispute, it is business. There...