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Will Your Estate Plan Work When Your Family Needs It?
Like most people, you likely think estate planning is just one more task to check off your life’s endless “to-do” list. You can shop around and find a lawyer to create planning documents for you or create your own DIY plan using online documents. Then, you’ll put...
Do you understand what it means to be a Trustee?
Before You Agree to Be a Trustee, Read This! Being asked by a loved one to serve as Trustee for their Trust upon their death can be quite an honor, but it’s also a significant responsibility—and the role is not for everyone. Indeed, serving as a Trustee entails a...
Four Common Mistakes Made On Life Insurance Beneficiary Designations
Who Should be Named as Your Beneficiary on Your Life Insurance Policy? Investing in life insurance is a foundational part of estate planning, and when done right it’s a primary way to say “I love you” to your loved ones after you are gone. However, when naming your...
What are the Benefits of Employing Your Kids in Your Business?
The Benefits Of Employing Your Kids Paying your children—whether they’re tweens, teens, or young adults—to work for your company is one of the greatest advantages of running a family business. By hiring your kids, you can help them develop a strong work ethic, give...
How do I Create A Business Plan That Works?
5 Tips For Creating A Business Plan That Works Far too many aspiring entrepreneurs jump-start their businesses without taking the time to plan properly. Just as a builder uses a blueprint to ensure a new construction project will be structurally sound, a carefully...
Revocable Living Trust Or Irrevocable Trust: Which One Is Right For You?
You’ve probably heard you need a trust to keep your family out of court and maybe out of conflict in the event of your death or incapacity. And, if you haven’t, you are hearing it now. If you own any “probatable” assets in your name at the time of your incapacity or...
Why is a Custom LLC Operating Agreement so Important?
It's All Fun And Games Until Someone Wants Out: Why Your LLC Agreement Must Be Customized To Consider The End Before You Even Start Starting a business is exciting, but it can quickly become a stressful situation if the owners can’t agree. This is especially true when...
Do I Need A Living Will?
Why Every Adult Needs A Living Will When it comes to estate planning and wills, you have a variety of options for legal documents. The most common of these options is a “last will and testament,” which is also known simply as a “will.” But you may have also heard...
When Will the Modification of a Click-Wrap Agreement Not Enforceable?
Takeaway: The modification of a Click-Wrap Agreement will not enforceable in the absence of notice and unambiguous manifestation of assent by user. When a business revises its Terms of Service, in addition to a “click-wrap” agreement on its website, the business...
What Happens To Your Debt When You Die?
Creditors And Your Estate Plan Maybe you’ve wondered about your own debt or perhaps your parent’s debt—what happens to that debt when you (or they) die? Well, it depends, and that’s part of the reason you want to ensure your estate plan is well prepared. How you...