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...
What to Consider Before Buying a Business
Buying an existing business can be a great investment and entrepreneurial adventure. As opposed to starting a business from the ground up, buying an established business can come with trained employees and an established base of customers. It can also come with existing cash flow which means you can start earning...
Should I Have a Buy-Sell Agreement in Place?
There may seem like an endless number of legal documents to consider, have drafted, and executed for your business. Yes, there can be a significant amount of paperwork, but there is also a great deal in business that you will want to protect, including the business itself. Planning for contingencies, for instance,...
What Is an Elective Share?
Did you know that Pennsylvania has laws in place that protect a spouse’s right to inherit? It is true. For instance, should a person die without a valid will in place, he or she is said to have died “intestate.” The Pennsylvania intestate law will then direct the process of distributing the...
Why You Should Think Twice About DIY Estate Planning
You may have seen the ads. You may have had several websites pop up when researching your estate planning options. There seems to be an ever-growing number of websites that tout DIY estate planning as the answer to any problems you may have with the estate planning process. The online estate...
What You Should Know About the Elective Share Law
Why would you want to disinherit your spouse? There can actually be a number of reasons why a person would want to do so, but those who attempt to do so may prove unsuccessful in this endeavor. While the law usually works to protect personal freedom regarding the disposition of property upon...
What is an S Corporation Versus a C Corporation?
Named for the respective parts of the Internal Revenue Code that they are taxed under, C corporations and S corporations have similarities and both can be solid choices for business incorporation. While they may share some important similarities, they also have important differences. Prior to selecting a C corporation versus an...