Did you know that the validity of a will can be contested? Will contests can be a big headache for all involved and can create serious delays in probate proceedings. Many times, family members who may feel slighted by the contents of a will may bring a contest when the contents...
What Is a Noncompete Agreement?
In setting up a business for long-term success, there are various agreements that you should consider putting in place. Some employers, for instance, use noncompete agreements to protect operational secrets, marketing strategies, and more. Noncompete agreements, however, do restrict an employee’s ability to seek other employment and, thus, due to the...
What to Include in an LLC Operating Agreement
Have you decided to structure your business as a Limited Liability Company (LLC)? It is a popular choice because it is simple to set up and has minimal compliance requirements. You can also rest easy knowing that your personal assets are protected by the LLC structure. To set up your LLC,...
Things to Consider When Choosing Your Health Care Surrogate
A strong, comprehensive estate plan does include planning for the distribution of your assets after you die, but it should also include plans and protections for life’s unexpected challenges while you are alive as well. For instance, there are critical health care documents that should be included in your estate plan...
What Is the Role of a Personal Representative?
Have you been asked to be the personal representative of an estate? Are you in the process of estate planning and are looking for the right person to choose to act as the personal representative of your estate after you pass? Knowing the role and responsibilities of a personal representative can...
The New Estate Tax Bill Proposed by Senator Bernie Sanders
Have you been wondering what all the buzz has been about regarding the federal estate tax? Estate planning is not often a hot topic in the news, but when it is, people should definitely take notice. The big news broke back in March when Senator Bernie Sanders introduced the “For the...
What Can Cause Delays in Probate Proceedings?
Many people try to avoid probate for several reasons. These reasons can include the fact that probate can be quite costly. It is also a matter of public record which means that you lack the privacy you may want for a process that can involve some more personal affairs. It can...
Setting Your Start-Up On a Path to Success
Planning to launch a start-up? It can be one of the most exciting endeavors to take on. When the entrepreneurial spirit takes over, it can make you want to barrel forward at a rapid pace. Setting your start-up on a path to continued success and growth, however, will require a significant...
What Are the Benefits and Disadvantages of Owning a Franchise?
Have you considered owning a franchise? Many entrepreneurs do as it can be a great opportunity to buy into an existing business that already has a solid foundation and structure in place. It is important to know, however, that success in owning and operating a franchise is by no means guaranteed...
What to Know About Spendthrift Trusts
As you may have heard, trusts can play a valuable role in an estate plan for a multitude of reasons. With a trust, a person transfers ownership of assets to the trust in order to fund the trust. Those assets form the trust principle. The trust is then managed by a...