A breach of fiduciary duty occurs when an individual who is in a fiduciary position acts in a way that violates their duty to act in the best interests of another party, usually a client or beneficiary. In the cases of a trustee managing a trust, or an executor managing an...
Why Unmarried Couples Should Have An Estate Plan
In a time where there is increased diversity of familial units, it is crucial for unmarried couples to consider the role of estate planning in securing their future. Unlike their married counterparts, unmarried partners often do not automatically benefit from the legal protections and rights that marriage confers, especially with respect to...
Steps for Crafting a Business Succession Plan
No company can survive without a capable owner, executive, or shareholder at the head of the business. In the event of a key member’s sudden death, illness, or retirement, businesses are often left scrambling to recover lost assets and find a replacement. Large corporations and small businesses alike can avoid a rough...
Exploring the Elements and Remedies in Contractual Disputes
Understanding the elements and remedies involved in contractual disputes is essential to navigate these disputes effectively. Legal advice is often sought to assess the situation and determine the most appropriate course of action. Jones, Gregg, Creehan and Gerace can help individuals and businesses struggling with contractual challenges in Pennsylvania.
How to Avoid Unfair Trade Practices in Your Business
The global marketplace has never been more competitive. As such, businesses cannot afford to run afoul of clear laws, regulations, and established ethical conduct if they want to maintain long-term success and have a positive public perception. Engaging in unfair trade practices, for instance, can not only harm a company’s reputation but...
How to Proceed if Your Business is Being Sued for Malpractice
Lawyers, doctors, and members of other professional associations may find themselves confronted with a malpractice suit at one point or another throughout their careers. These suits can be stressful for professionals and their businesses as a whole. With a lot on the line, it is critical that you understand the steps you...
What Having an Incapacity Plan Can Accomplish
Incapacity planning is a critical aspect of personal and financial well-being that gets overlooked all too often. It involves creating a comprehensive strategy to address the possibility of becoming mentally or physically incapacitated and being unable to make important decisions about your own life and asset management. While contemplating the possibility...
How Your Small Business Can Benefit from a Business Succession Plan
The U.S. depends on small businesses as an integral part of keeping the economy strong. Small businesses create jobs. They foster innovation and the entrepreneurial spirit. The fact is, however, that running a small business is not for the faint of heart. It is a difficult endeavor and one that small business...
Ways to Protect Your Business From Fraud
Businesses of all sizes can be vulnerable to acts of fraud. There are so many different types of fraud that can befall businesses and our dependence on technology has opened new doors for cybercriminals to take advantage of. While perpetrators of fraud and cybercriminals are constantly evolving to infiltrate the...
The Significance of Shareholder Agreements
With a shareholder agreement, the rights and responsibilities are set forth as is how the company will be set up and managed. With a well-drafted shareholder agreement, you can reap many benefits as you set forth the terms that will govern how your company is run and the roles your shareholders...