A prenuptial agreement, or a prenup, is a powerful tool to protect each spouse and their assets from the consequences of unanticipated life events, such as a divorce or the death of one of the spouses. Moreover, the agreement can be an effective asset protection not...
If you have amassed a great deal of wealth and assets over your lifetime, you may worry how your heirs will use it. You may also worry about how your heirs will waste it. This may lead you to wonder whether you can use a trust to control how your heirs can spend your...
Some people start a business with the primary objective of eventually putting the organization up for sale. Creating a profitable home healthcare company or local IT support organization can produce not just short-term income for the entrepreneur but also a sizable...
Things in our lives change, and when they do, we have to adjust accordingly to ensure that while we let life take its natural course, we still manage aspects that we can control. This concept suitably applies to estate planning. Even the smallest changes in...
A business trust is a structure wherein a trustee manages the business assets on behalf of beneficiaries. In this arrangement, the trust outlines the powers and responsibilities of the trustee and the rights of the beneficiaries. Additionally, the document can include...
The end of a marriage might leave you and your partner financially worse off than before you tied the knot. A prenuptial agreement or prenup helps prevent such an outcome by detailing how you will divide your assets and obligations should your marriage fail. Signing a...
Although most people have heard of prenuptial agreements, fewer adults in Massachusetts are familiar with postnuptial agreements. As the names imply, the biggest difference between these two types of marital contracts is when a couple decides to sign them. Those who...
No matter how much you try to guide your child, they cannot seem to pull it together when it comes to money. Nevertheless, you may want to include them in your will to make sure they are taken care of when the time comes. If you are concerned about your child...
As a pet owner, you share a profound bond with your furry companions. They are not just pets; they are cherished members of your family. Yet, have you ever wondered what would happen to them if something were to happen to you? It is a tough thought that responsible...
Businesses thrive for distinct reasons. Their strategies could change based on their operations and the resources they use to advance and expand. Certain companies bank on their intellectual properties, such as trade secrets, to give them an edge over their...
