Blog

CHECKLIST FOR DESCENDANTS WHEN A FAMILY MEMBER PASSES AWAY

Order certified copies of the Death Certificate. You will need them to transfer bank and other financial accounts, as well as to send to insurers and others who may be holding assets or benefits payable to the estate. Notify Social Security of the death. If you are a spouse, or if you have minor children [..]

Read More

KEY POINTS REGARDING THE SALE OF PROBATE PROPERTY

Must be a Personal Representative’s (PR) deed, not a Warranty deed. Because the PR may have limited knowledge of the property, there should be a specific disclaimer to this effect and an “AS IS” provision included in the purchase agreement, no Statement of Condition should be signed, and the statutory disclosure should be properly waived [..]

Read More

COMMON CONTRACT CLAUSES FOR BUSINESSES

This blog post is an overview of some common contract clauses that one should consider as part of any agreement between two small businesses. This information is only an overview. You should consult with an experienced attorney to assist you with your specific contract needs. A basic agreement should contain the following elements at a [..]

Read More

WHICH BUSINESS ENTITY IS RIGHT FOR YOU?

When you are starting a business, one of the first things you need to determine is how to best structure your business by choosing the proper business entity (C-corp, S-corp, LLC, etc.). There are numerous options out there and each has its pros and cons. You, your attorney, and your accountant should discuss which business [..]

Read More

WHEN SHOULD YOU UPDATE YOUR ESTATE PLAN?

My clients often ask me when they should update their estate plan. There are numerous life events that may require us to look at the plan and see if anything needs to be revised. Here is a short list of such events: Serious or life threatening illness Illness or death of a spouse Contemplation of [..]

Read More

FIVE COMMON MISTAKES IN ESTATE PLANNING

The estate planning process can be difficult to navigate on your own. The process involves the coordination of the various assets of an individual into a cohesive, comprehensive plan to provide for family members. It requires you to analyze all assets whether held individually, jointly, and those that pass by beneficiary designations to come up with an effective [..]

Read More