If someone has asked you to be executor of will for them you will need to know exactly what responsibilities that will be included in this commitment. It is a dedicated process and you will need to ensure that you follow through on the commitment. When a person draws up a will they need to…
For the ease and protection of the fluidity of probate court and all the confusing items that it entails there has been established a uniform probate code (UPC). It is the quest for the court to make probate as simple and painless as possible as a family grieves and goes through changes. The code is…
If you are the parent or relative of a person who has special needs physically or mentally and want to provide for them financially you can set up a special needs trust to help them for any needs they may have. There are several reasons why a trust such as this is a good idea…
For assets you want to protect from touching in seizure situations or for any other reasons in regards to legal matter an offshore asset protection trust offers safety from losing all of your assets in a drastic situation. If you have monies you do not want to lost this is something you may want to…
If you have assets that you are concerned about losing then you can do what many people do and look into setting up an asset protection trust. Many celebrities and other high profile people do this to ensure monies for many reasons. But you do not have to be rich to set up such a…
Potential Pitfall In Signing A Commercial Building Lease Once you sign on the line, the building is yours for the term of the lease. You need to be absolutely certain that the property can be used for your intended purpose. Some communities will require that you get a zoning compliance permit before you start business,…
1. The Uncertainties In Purchasing A Business It is common for prospective buyers to discover that a business has specific risks associated with the purchase. For example, there may be threatened litigation or there may be a particular group of high-risk receivables. There are options available to the buyer to build in protection for these…
What Is Mediation? Mediation is basically a form of negotiation with a facilitator. It does not lead to a binding decision, but instead uses an impartial third-party to encourage the antagonists to find a mutually acceptable solution. A good mediator can greatly increase the chances of settling a dispute before expensive litigation. What Is Arbitration?…
What Makes A Contract Valid? First off there must be a meeting of the minds. There will have been both an offer and an acceptance – resulting in agreement. Then there must be consideration – meaning that both parties exchange something of value. If value only comes from one direction, the value that is exchanged…
There are three clear benefits to using a buy-sell agreement with your business partners: 1. You control the admission of new owners – you can’t be forced to accept a business partner with whom you would have trouble working. A buy-sell agreement will typically provide the remaining owners the right to purchase the shares of…
