Trusts offer flexibility and options that traditional estate planning -- i.e., writing a will -- simply cannot match. A trust gives you power over what happens to the estate even after you are gone, and it can also offer options to save money, especially in taxes, so...
Month: April 2020
Can your company defend its noncompete contract in court?
What is legal for a business to do in one state or at the federal level may not be legal in other places. Different states have different industries that they regulate in their own ways, resulting in a lot of confusion regarding employment and business law, especially...
Putting together an estate plan? Don’t forget a guardianship
When you are getting your estate plan put together, one thing you should include is the guardian for any minors in your care. If you have a child, you should designate a person as a guardian, so that they will have someone to take care of them in the case that both...
When should the trustee distribute your trust?
When you put your money into a trust to leave to your heir, did you know that you can actually choose when the trustee should distribute it? Sometimes, people base this on events, such as saying the money is to be used for college and can be given to the heir or...
Why Breaking a Business Deal is a Bad Idea When You Have a Contract
Contracts are just a part of business -- but not every contract turns out to be a keeper. You may have a very good reason for wanting out of a deal with another company, but there are also some hefty reasons to keep your end of the bargain. Here’s what can happen when...
Establishing a trust as part of a comprehensive estate plan
Estate planning can be complicated even if you already have a will. Those provide instructions for distributing property and assets after you die. But financial conditions and relationships can change over time. What if you want to manage them while you are still...