Business law affects every company regardless of its size or type of entity. Companies that fail to become familiar with these laws can face stiff penalties or even jail time for non-compliance. Therefore, it is vital to understand which laws apply to your business long before opening the doors. Business law encompasses many venues including: […]
read moreA deed of trust is unlike most other deeds which are used to transfer property. Instead, this document is a version of a mortgage note which is held by a trustee until the loan is satisfied. Most often the trustee is the title company. When a deed of trust is used the property becomes collateral […]
read moreA probate Will refers to estates where the decedent engaged in estate planning, but didn’t take steps to avoid probate. This procedure is required to validate the last Will and identify assets owned by the decedent so their estate can be settled. The probate Will provides written directives to designate a personal representative to handle […]
read moreEntering into business succession planning is imperative for anyone that owns a company. This strategy is necessary for passing ownership of the business or protecting it against the loss of a key employee. Developing a business succession plan lets owners choose a successor to take over the company in the event of retirement, death, or […]
read moreWills are a vital element of estate planning and are necessary for probate estates and trusts. This document is used to appoint an estate administrator to manage the estate upon death, along with naming beneficiaries to receive property and arrange legal guardianship for minor children. Setting up Wills is a relatively simple process, but it’s […]
read moreEngaging in asset management is necessary for analyzing the strengths and weaknesses of investment products to minimize risks and financial losses. The level of management required depends upon the type and value of investments within the portfolio. There are several approaches to asset management. Some people prefer to use portfolio management software, while others hire […]
read moreEstate planning is one of the more important aspects of life planning. The process involves executing legal documents that provide directives regarding inheritance gifts and estate settlement procedures to ensure relatives are looked after upon death. A lot of people dread estate planning, but it really isn’t that difficult. The best course of action is […]
read moreSetting up a child trust fund provides the opportunity for parents or grandparents to purchase stocks, bonds, mutual funds, and life insurance policies that can be transferred to minor children when they reach legal age. Assets are placed into a child trust fund because minor aged children are not allowed to enter into contracts. The […]
read morePreparing a Will and Testament is one of the best final acts a person can do for their family. Any time someone passes away without writing a Will their relatives have to make decisions they usually aren’t prepared for. Writing a Will and Testament isn’t a difficult process and offers many benefits. First of all, […]
read moreExecuting a last Will is one of the most important aspects of estate planning. This document is used to designate an estate agent to settle your estate upon death. It allows you to gift inheritance to relatives, friends, and charities and arrange legal guardianship for your children. In simple terms, the last Will is needed […]
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