Leveraging Your Business Options
A common issue that arises when A Last Will and Testament (“Will”) is contested amongst beneficiaries, or any other interested parties, is whether or not the Signor (“Testator”) of the document had the “testamentary capacity” to do so. Testamentary capacity, simply put, is a person’s legal and mental ability to create or alter a valid Will. In order to prove…
Updated: Oct 23, 2020 What Is A Prenuptial Agreement A prenuptial agreement between individuals has become a commonly used instrument within estate planning. In general, a prenuptial agreement is an agreement entered into by two individuals before marriage that outlines each parties’ rights during the marriage, after a possible dissolution of a marriage, and upon the death of one or both…
Updated: Oct 23, 2020 A Common Mistake When Creating Trusts A revocable living trust, or some derivative thereof, is now becoming the “go-to” for estate planning. Many times clients will speak with their estate planning attorney, or advisor, who recommend a trust be drafted to manage the client’s estate in the event of death or incapacity. After going through the process…
Introduction A limited liability company (“LLC”) is the combination of what most would agree are the best features of a sole proprietorship, partnership, and corporation. The LLC has become a popular way to structure one’s business because of the personal protection it provides its members from the liabilities and debts of the company; the numerous tax advantages it enjoys; and,…
Introduction If you are an individual with rental properties or foresee yourself purchasing rental properties in future, how you choose to incorporate and hold title to these properties will determine the strength in which your assets are protected. The traditional Limited Liability Company has long been the go-to entity for real estate investors as they provide strong insulation from personal…
Everyday individual’s contemplate starting a business. Generally someone will have an idea of what service(s) and/or product(s) they would like to offer to consumers, but often lack the proper structuring within the business necessary for its healthy operation. Below are 5 must-dos that will ensure your business ideas become a successful reality. Tip 1 – PUT IT DOWN ON PAPER…
Take a moment and think back to when you were 18. You were a brand new young adult eager to explore the world. Maybe you had aspirations of college or jumping into the workforce, who knows, maybe you were exhausted from high school and needed to take a ”gap” year in the name of self-care. It is fair to say…