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Parents of adult children sometimes struggle with deciding whether to include their adult children in estate planning conversations or whether they don’t tell them anything. There are benefits to discussing your estate planning with your children, even though it may...
When you’re creating your estate plan, you may decide that you want to pass assets down to your loved ones. Many people want to do this as easily as possible. Trusts are one option that you have when you’re setting up the estate plan. These are classified as either...
Especially when a company has employees, proactive adherence to state and federal business laws is generally crucial for a company's liability mitigation strategy and to its potential for success as a whole. Violations of employment laws might lead to not just...
Benjamin Franklin is credited with saying, “If you fail to plan, you are planning to fail”. That especially holds true for business owners. Unless you have a succession plan in place, you may be setting your company up to fail after you leave. Here is why it is...
Estate planning can sometimes become difficult if you’re not sure how your heirs are going to use your money. For example, some individuals are concerned that an heir who struggles with addiction may simply use all of their inheritance to fund that addiction, and they...
Thinking of acquiring a business? Whether it’s a stock transaction, asset transaction or a merger, acquiring a business may be a great idea if you only do your homework. When you invest or merge with another business, you can benefit from the already established...
If you own significant assets and are looking for a way to shield them from creditors, a domestic asset protection trust (DAPT) could be the solution. Nevada's version of this trust is one of the most debtor-friendly in the country. Also known as a self-settled...
People who want to pass assets down to their loved ones need to ensure they set up their estate plan so it reflects those wishes. Some simple estates can use the will to do this, but others may choose to use trusts. There are many types of trusts, all of which fall...
Signing contracts is just part of doing business. You need a written record of your agreements with other people, whether you just hired a new human resources specialist or made arrangements with a vendor that will supply you with rare produce for specialty desserts....
Trusts are some of the most useful estate planning tools. The asset protection benefits and flexibility they offer are almost unparalleled, which could perhaps be the reason behind their growing popularity. However, like every other legal arrangement, everything must...