Independent Contractors Should Consider an LLC
With the downturn in the economy and more people losing their jobs, more people are turning to their entrepreneurial spirits and starting their own businesses. At-home businesses are booming and ...
Business Partnerships in Estate Planning
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 ...
Disinheriting a Child in an Estate Plan
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 ...
5 Resolutions You Can Keep that will Protect You and Your Family
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 ...
2016 Estate and Gift Tax Exemption Amounts Announced
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 ...
Can I Create A Trust for my Husband as His Attorney-in-Fact?
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, to ...
Consider the Obligations and Burdens With Care before Accepting Appointment as Executor
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. ...
Estate Planning: Telling your Children What You’re Planning and Why
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. ...
If You Do Not Want Your Executor to Receive a Commission, Put It In Writing!
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 ...
Executor, Trustee, and Testamentary Guardian – What’s the Difference?
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 ...