A few years ago, the COVID pandemic made many people feel more urgently that they needed to have an estate plan in place. However, a recent news article suggests a decline in the percentage of Americans who have an estate plan. Troubling statistics According to a...
The limited liability company, or LLC, is a very useful format to choose when you are starting a business. Among other advantages, it protects your personal finances from the debts of the business. In this blog post, we will briefly look at the steps you must take to...
No one enters a marriage intending to get divorced, and this is one reason you might be against the idea of a post-nuptial agreement. A post-nuptial agreement is a written, legally binding document that describes how marital assets will be divided if you divorce. The...
Postnuptial agreements, like prenuptial agreements, have become increasingly common. More couples every year recognize the value of establishing contractual protections for themselves during marriage. Even the most devoted spouses may realize that the possibility of a...
An estate tax places a limit on one's ability to transfer property after their death. Proponents say this is necessary to raise revenue for the government and to keep a lid on the generational concentration of wealth in a small number of powerful families. Critics...
A no-contest clause, also known as an "in terrorem" clause, is a provision that a testator or a grantor can include in their wills or trusts to prevent their beneficiaries from challenging the document's validity in court. How does it work? A no-contest clause...
Creating a Limited Liability Company (LLC) offers significant advantages over other business structures. It affords greater control over your business and provides protection against personal liability. To maintain the compliance of your LLC, it's essential to manage...
Irrevocable trusts are an estate planning resource that offers a variety of benefits that can't be found in other tools. These trusts involve transferring ownership of assets into a separate legal entity, which is managed by a trustee for the benefit of the trust's...
Many business owners view corporate maintenance as a mere formality that could distract them from focusing on the actual business and managing its day-to-day operations. However, this process is vital in keeping a business going. Failure to apply it may lead to severe...
A prenuptial agreement establishes your financial commitments in marriage and protects your future. However, life is unpredictable, and your circumstances may have changed since you exchanged vows. If your prenup no longer reflects your current priorities, you should...
