Estate Planning · July 29, 2022
You might think only the wealthy need to worry about asset protection planning. But the truth is that if you don't have millions, you may be at even greater risk. For instance, if you're a multi-millionaire, a $50,000 judgment against you might not be that big of a deal. But it could be devastating for a family with a modest income, savings, and home. Before it's too late, learn the strategies you may use to safeguard your assets.
Estate Planning · July 08, 2022
If you're looking to collect life insurance proceeds as the policy's beneficiary, the process is fairly simple. However, during the emotional period immediately following a loved one's death, it could feel as if your entire world is falling apart, so it's helpful to understand what steps you need to take to access the insurance funds as quickly and easily as possible.
Business · March 15, 2022
When you're just starting your business, it's easy to lose sight of just how many potential risks your company faces. Yet a single accident or lawsuit can wipe out your company before it even can get off the ground. While setting up a business entity like an LLC or corporation can protect your personal assets from liabilities incurred by your business, it won't protect your business assets—that's where business insurance comes in.
Business · October 19, 2021
Often owners and managers of small businesses often know each other before they go into business together. Sometimes, they're even related. Preexisting relationships can help propel small businesses forward, especially when there are high levels of trust and competence. However, familiarity is sometimes accompanied by a lax attitude toward operational formalities. So, it's best to have a skilled business lawyer who can help you structure your operational strategies properly.
Business · September 28, 2021
Building a business from scratch can involve years of working long hours for little to no financial reward. In fact, whether your company can generate a profit or not, starting your own business can consume your life like few other activities. However, buying an existing business isn't without its own challenges. It'll also require hard work and sacrifice, and no matter how successful the company was under its former owner, there's no guarantee you will experience the same prosperity.
Business · August 10, 2021
Every business has its own unique risks and assets, so business insurance is your first line of defense in protecting your company from a wide variety of different potential threats. Without the right insurance—or with too little of the insurance you do need—you could be at great risk from the costs of a lawsuit, judgment, or in the event of an unforeseen emergency or disaster. There are many types of business insurance available, so make sure to know the type of insurance your business needs.
Business · June 15, 2021
The entity you choose for your business affects everything contracted by your company. Your business entity will determine the amount of taxes you pay, what kind of records you keep, and how vulnerable your assets are to lawsuits. Among the different business entities, all companies should be one of the following legal structures: a sole proprietorship, partnership, corporation, or limited liability company (LLC).
Business · June 08, 2021
When starting a business, you have to make a ton of decisions. Deciding what to name your company and hiring employees, what kind of products or services you should sell, and how to fund your operation, getting your business off the ground comes with a nearly endless number of decisions. Of all these decisions, perhaps none is more important or has a more significant impact on your success (or failure) than your choice of business entity structure.
Business · May 11, 2021
To make certain that your business—and the income it generates for your family—would continue to run smoothly when something happens to you, you need to create a comprehensive estate plan, and it really needs to include a trust. Without such a plan in place, your business will be stuck in an unnecessary court process that could easily cause the loss of everything you’ve worked so hard to build.
Estate Planning · March 19, 2021
A Lifetime Asset Protection Trust is a unique estate planning vehicle specifically designed to protect your children's inheritance from unfortunate life events. The sudden death of a Legendary host, Larry King, became controversial because of not using Lifetime Asset Protection Trust to distribute his assets to his children upon his death. His story demonstrates that do-it-yourself planning can have terrible consequences for your loved ones - even worse than if you had no estate plan at all.