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You know that it's smart to make an estate plan as a new business owner. Perhaps you're also a parent or you have significant financial assets. You need some plan to pass these on to your heirs. What you decide to do is simply to write a will. This way, you can leave...
Homeowners associations (HOAs) in New York help ensure the right of owners to the quiet enjoyment of their properties. They also help to preserve home values and provide shared amenities that make living in the community more pleasant, like a gym or a community pool....
You like your business partner a lot, and it’s been a productive partnership, but you never particularly considered putting your business partner in your will or involving them in your estate plans. Maybe you should. In fact, you should probably be in theirs. At the...
For many people, having an estate plan isn’t just about leaving money and other assets to their family. It’s about having a say in their own legacy – what they will be remembered for after they’re gone. Certainly, that can include leaving donations to non-profit...
There are numerous ways to start a business. You might negotiate a partnership agreement with an outside investor for a company that you will run on a daily basis. You might form a limited liability corporation (LLC) for a start-up idea, or you may simply operate a...
The overall aim of estate planning is to provide future protection for you and your loved ones. As many aspects of an estate plan will not come into play until you are either seriously unwell or dead, you must name people to fulfill specific roles on your behalf. Here...
When you leave behind a will, your heirs will have to wait for a while before assuming ownership of their portion of the estate. Everything has to go through the probate before distribution to the beneficiaries. Usually, the courts oversee the entire probate process....
Starting a new business is exciting, but there are many unknowns that could end up leading your company into trouble. Planning early may help you avoid some of these issues. Common legal issues that new businesses face include: Failing to incorporate correctly...
If your company is facing a lawsuit, the ramifications could be serious. You may be worried that the payout from that lawsuit is going to bankrupt your company, and you may also worry that you're going to have to use your personal funds to pay some of the money back....
Many people fail to update their estate plans regularly, and when they are gone, their estate ends up in the wrong hands. Deserving beneficiaries could even be left out, leading to irreconcilable differences pitting family members against each other. Therefore, you...
