Probate is something you may not think about at all, but it can drastically affect how your family receives and manages your assets after you die. Preparing in advance for asset management is an essential way to avoid the probate process and keep control over your...
Year: 2018
How estate planning for women is different
Obviously, estate planning is not a situation where one size fits all. For instance, a younger married couple with kids would need to consider prospective guardians for their children, while someone retired about to enter a second marriage could prioritize ways to...
Should you have an estate plan for your Facebook account?
There are numerous items one needs to include in any estate plan. You need to determine how to divide assets among your loved ones when you die, but many people have begun wondering what will happen to their digital assets after death. More attorneys have...
How to prevent shareholder disputes
No matter the size of your company, legal battles are an inevitable part of running a business. Potential sources of lawsuits include employees, investors and clients. However, this does not mean you have no power of minimizing risk. You can do well by preventing and...
Who will you name as executor in your will?
Planning for the future is a smart decision on your part, and you have concluded that the first step is to draw up your will.Now you are beginning to think about naming an executor. What will the duties be? What kind of traits should this person have? In short,...
3 Myths about running a business
Entrepreneurship is a popular thing right now. More and more people are starting their own businesses and following their dreams. If you are beginning your own journey to running a small business, you may unknowingly believe some harmful myths.There is plenty of...
When your parents die broke
Losing a parent is one of the most difficult things you may ever go through, and learning to adjust to life without your mother or father can take considerable time and effort. In addition to the emotional toll losing a parent can take on you, things may become even...
The difference between material and immaterial breaches of contract
It goes without saying that you can enforce a written contract much more easily than you can a verbal one. That is because a well-written contract spells out what each party agrees to do. Many contracts also often specify how, when and the manner in which each party...
Why do creditors come calling after someone dies?
It is difficult to cope when someone you love passes away. Not only do you miss the person, but you need to worry about estate matters. You may also be dealing with calls from debt collectors on top of all of this. If this is happening, you are probably going...
What happens to debt when someone dies?
If you have recently lost a loved one, you may be finding every day a struggle. Even if the death did not come as a surprise, coming to terms with the loss of someone close to you is difficult even under the best of circumstances. While, in the immediate aftermath of...
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