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Starting a business from the ground up can be both exciting and daunting. Before diving in, you should not forget to weigh in on the various aspects that can impact your success. Here are four essential considerations to keep in mind: Personal liability: Protecting...
The timeline of an estate’s probate administration varies on the circumstances surrounding the estate. Probate can finish as quickly as four months for simple estates, while others may take more than a year due to their complexity. Since probate is a lengthy and...
Trusts are a valuable estate planning tool, especially if you want to minimize the impact of taxes on your estate and intended beneficiaries. However, some people hesitate to take advantage of trusts because of the following misconceptions: It is only for the rich...
There is a lot of work required to establish a functional and profitable business. First, someone has to come up with a business model. Then they need to do market research to find out if there is sufficient demand or too much competition already established on the...
Whichever state you live in, probate can be extensive and complex. It can take months or even years to reach the end of the process. The procedure can be incredibly draining to a decedent’s surviving family members, who are still mourning the loss of their loved one....
Estate planning can help you and your beneficiaries reduce the impact of hefty estate taxes. These are taxes that the government usually takes upon your death and the distribution of your properties to your beneficiaries. Estate taxes might take a significant portion...
Seeking legal guidance while grieving may seem overwhelming. Losing a loved one can cause depression and put you in a state of shock, especially if the death of the loved one is sudden. This makes a reliable support system vital. The grief might push you to isolate...
Initially, only you, your trustee, and your attorney will see your will and trust. Naturally, most people do not want to share copies of their will and trust with their family, as it can lead to conflict. On the other hand, it could help reinforce your intentions...
Fusing the words “blind” and “trust” in relation to your assets sounds unsettling, but it actually makes sense in some situations. As the name suggests, a blind trust is a type of living trust when a grantor and their beneficiary are blind about how a third-party...
Business in California is booming. The State of California Employment Development Department states that during the second quarter of 2022, there are over 1.6 million businesses in the state. These range in size from having 1 to over 1,000 employees. Those who are...