Changes in Partnership Usually when a business partner dies, a business partnership is considered legally dissolved. If more than two people are business partners though, the partnership can continue despite ...
What if I Leave my Child Out of my Will? Parents have different reasons for disinheriting a child in their Last Will and Testament. Sometimes parents believe it is in ...
Statistics show that New Year’s resolutions are maintained continuously by most Americans for only one or two weeks. Here are 5 resolutions that you can keep and that will help ...
The Internal Revenue Service (IRS) has announced that for 2016 the estate and gift tax exemption limit increases to $5.45 million per person, an increase from $5.43 million per person. A qualifying ...
A general durable power of attorney is an important estate planning and elder law planning tool. A power of attorney allows the attorney-in-fact, also referred to as the agent, ...
Being designated by a friend or a loved one as the Executor of his or her estate is an honor, but with that designation comes many responsibilities and legal risks. ...
Preparing a Will enables you to direct how and to whom your estate will be distributed once you’re gone. Your estate is comprised of your intangible personal property (including cash, IRA’s, ...
A critical part of estate planning involves identifying your beneficiaries, and specifying what they will inherit. Parents (particularly those who are widowed or divorced) often designate their children as beneficiaries. ...
Unfortunately, when a loved one dies, arguments may arise among the heirs to the estate (also known as the beneficiaries). One potential area of dispute may involve a commission due the Executor ...
Legal documents can be difficult to understand, containing unfamiliar words. In the case of Wills, certain key terms frequently cause confusion – specifically, Executor, Trustee, and Testamentary Guardian. We ...