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Business Lawyer Explains Types of Corporations and More Running your own business? Confused about your options when it comes to business structures? There are certainly some features that you want. You probably want the ability to share and transfer ownership. And you probably don’t want to be personally liable for the company’s debts. A corporation…
One of the main purposes of law is to help you protect your assets, including your house, your car, and your pension. The latter is particularly important today, given that Americans are retiring earlier and earlier. The current median age for retirement is sixty-one, and many Americans are retiring earlier, in their fifties and even…
Living trusts are becoming more and more popular—an AARP study says that almost a quarter of Americans aged 50 and over have one, almost double the percentage of 10 years ago. Nonetheless, there is still a lot of misinformation and confusion about them. Your lawyer is your best source of information on whether a living…
Everyone knows that a will distributes property, but most people don’t know about the many other ways of passing property at or before death. It’s not that these substitutes completely eliminate the need for a will. Almost everyone needs a will to cover property not conveyed in other ways and to nominate guardians for minor…
Few of us are comfortable talking about illness, disability, or death. However, these issues won’t go away just because we refuse to confront them. In many cases, the failure to plan for your own illness or disability will only compound the problem. In order to help you understand how addressing such issues head-on can help…
During these uncertain financial times, many Americans are afraid to open up their 401(k) statements or are unsure of where to put their retirement savings besides under the mattress. Although the law can’t guarantee you a great return or help you pick the safest stocks, it can provide some important protections when you change jobs…
As retirement approaches, many Americans start to think about their finances and where to invest or move their assets. For some, purchasing a second home is an important part of retirement preparation. With careful planning, this can be a very valuable and significant option. If you are thinking about buying a second home, the first…
Life doesn’t stand still, and after you’ve crafted an initial estate plan, your circumstances are likely to change—you may acquire more assets, the executor you originally selected may pass away, or you may contract a serious illness. Your children will grow up, or you and your spouse may slit up. And the law may change,…
When you think of “estate planning” you probably imagine writing a will and giving instructions about who gets the house, the car, and grandma’s jewelry. But an important asset for many people is their IRA and employer retirement plan. Retirement plans are generally passed to beneficiaries directly, and are not disposed of in a will….
One of the best things you can do for your family is to plan your estate—now. You can work with your lawyer to create a will or trust that assures your family will be provided for if something happens to you. This article will give you some ideas on how you can be sure that…
