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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...
As you get closer to the end of your life and you begin thinking about estate planning, you decide that you don't really need to make a plan. You never got married or had any children. You have no natural heirs, so there's no need to determine how to split your assets...
As someone who helps run the homeowners association (HOA) for your community, you are in an uncomfortable position. The rules that you must enforce affect your neighbors and people that you care about, which can make your job difficult. Although you may feel tempted...
The relationship between the person appointed to be a trustee and the beneficiary the trust they’re overseeing may not always be a friendly one. Often a particular trustee is chosen, at least in part, because they’re strong enough to stand up to pressure from the...
Sometimes, things don’t always work out as we want them to, even in business. When you think your company’s better days are behind it, it may be time to close shop and restrategize. Dissolving a business is never an easy decision, especially if you have employees who...
There are digital resources and guidebooks available that can walk you through starting your own business. Many entrepreneurs, already excited about the prospect of starting their own company, rush headlong into business formation and try to tackle the process on...
Say the words “merger, acquisition or takeover” around any company too loudly and you’ll probably see an immediate panic start to set in amongst the employees. When companies change hands, shift their structure or merge, employees start to get nervous. Some of those...
