Over the next 25 years, one of the largest wealth transfers in U.S. history is set to take place as nearly $68 trillion is forecast to be given to future generations. The enormity of this amount promises unique opportunities for beneficiaries, especially for estates...
If you want to be a business owner, you have two basic options: Start your own company or buy one that already exists. What should you do? Advantages of buying an existing business The major advance of buying a company is that everything is already in place. You have...
Homeowners associations exist for a reason. They are one of the primary ways that people can protect their lifestyles and the investments they have in their homes. however, not everybody loves them. Even though everybody who lives in the community agreed to the HOA'’s...
In your 40s, you may start to think about how you want to move forward in your life as well as how you want others to be able to carry on if you pass away. While you’re still young, now is a time when you may have the most to protect, like your spouse or partner,...
Buying a home or other piece of property is one of the largest and most significant investments a person can make. Many people do not realize this and do not understand how the law is intertwined with these types of transactions. Legal issues are not uncommon during...
Many adults know that they need to write a will as part of their estate plan so they have a say in who gets which assets. Some people might not realize that without that estate plan in place, assets are handed down to beneficiaries in accordance with New York’s...
It’s important to have a partnership agreement when starting a new business, even if you and your business partner have known each other for a long time. Don’t just assume that your friendship will solve all of your disputes -- or keep them from happening in the first...
Thousands of companies merge each year, yet many end up wishing they had not. While there can be many advantages to joining two companies, a lot can go wrong. These are some ways to increase the chance that your merger is a success: Be clear about why you are doing...
Living in a homeowners' association provides several benefits to homeowners, including lawn care services and access to various amenities. In exchange for these perks, members are expected to comply with the rules of the HOA. Unfortunately, there are times when a...
When you form a business, especially if you create an LLC or another kind of corporation, your business becomes its own legal entity. As the person who created or manages the business, you have to handle everything on its behalf to remain in legal compliance. That...
