People who take the time to create estate plans can protect their loved ones and establish a legacy that has a positive impact on others. The most effective and beneficial estate plans typically include highly-customized terms based on an individual's resources and...
Month: April 2022
Don’t let your family business become a family dispute
There’s something about entrepreneurship that can't be found in a 9 to 5 job. Sure, risk is involved, but few things can match the feeling you get from watching a business grow from an idea into a successful enterprise. But what will happen to your business when you...
How can adding powers of attorney to your estate plan help you?
When planning for your future, it is important to consider how decisions will be made if you are ever unable to make them for yourself. One way to help ensure your affairs are managed properly is by adding powers of attorney (POAs) to your estate plan. A POA allows...
Irrevocable trusts are important in many estate plans
Estate planning is important for adults because it gives them the power to decide who is going to get which assets once the creator passes away. There are many components that people can utilize when they’re creating their estate plan. One of these is a trust. Trusts...
Tips for choosing an executor for your digital estate plan
During the estate planning process, it is important to have someone in charge of managing and executing your wishes regarding both physical and digital assets. For a digital estate plan, this responsibility often falls to a digital fiduciary—a trusted individual or...
Who can secure a mechanic’s lien?
Real estate construction projects, ranging from erecting brand-new buildings to remodeling projects, require investment and create a degree of risk. Property owners must hire professionals to complete the project. The funds that they deposit toward the cost of the...
3 ways lawyers can help those worried about foreclosure
Foreclosure is a homeowner's worst nightmare. Until they pay off their mortgage, the home that they purchased is vulnerable. It serves as the collateral property for the loan. If they do not make all of their payments on time, the lender may eventually try to lay...
Be wary of bad neighbors when hunting for your dream home
Buying a new home is an exciting yet daunting journey. Many buyers focus on finding the perfect property with the right layout, location and price. However, one critical factor that often slips under the radar is the neighborhood. A beautiful house with bad neighbors...
Why are sentimental items more complex in estate planning?
When drafting an estate plan, many people assume that their most expensive assets will be the most complex. They’ll put a lot of time into figuring out what to do with their investment accounts, life insurance policies and real estate. But the reality is that...
How to avoid partnership disputes
When business partnerships work well, they can be a huge benefit to everybody involved. When business partners have a falling out, however, the end results can be disastrous both personally and professionally. A dispute between you and your business partner can...