Life insurance may play a major role in your estate plan. You want to make sure that your policy pays out to your heirs, who can then use it to cover costs or just view it as an inheritance. That’s fine, but remember that your life insurance policy stands on its own...
Once you decide that you want to start a new business, you have to determine how you can best protect yourself and your business. One decision that you have to make is what legal structure you’ll use for the business. There are several to choose from, so be sure to...
One of your customers, suppliers or partners has breached their contract with you -- and you're not sure how to handle the situation. What's the first thing you should do? Look at your contract. A well-written contract should protect you in the event of breaches and...
When creating an estate plan, there are many things to consider, but the people you choose as agents are probably the most important. These people will have the power to make decisions that could impact you and your beneficiaries, so you want to make sure they are the...
Have you ever heard of someone leaving a single dollar to an heir in their estate plan? It sounds a bit confusing, as if they’re just wasting their time. They clearly didn’t want to leave the person anything, so why take the time to plan out how to leave one dollar?...
You’re in charge of a homeowners association (HOA), and most of the residents who live in the community adhere to the proper standards and avoid violations. After all, they chose to live under these rules because they like the benefits of having those rules in place....
Estate planning is the process of putting together a last will and testament, but it goes far beyond that. It can also include planning for long-term care costs, setting up powers of attorney, picking guardians for your children, setting up various financial trusts...
In an ideal world, you will not need to sue a former business partner, as you’ll go your separate ways and remain on good -- or at least neutral -- terms. However, any business owner knows that things are often far from ideal. You certainly can run into issues that...
Parents have a limited timeline to get things in order after discovering that they're expecting a child. While it may not be at the top of your mind to sit down and do some estate planning before welcoming your child, you should. There are a few reasons that you'll...
New York is very interested in the solar market, and for that reason alone you may be interested in leasing out your land to a solar provider. Developers are always looking for parcels of land, usually 10 acres or more, to use for solar panel installations. These...