Corporations are required to have a board of directors, which is selected by the shareholders. The board of directors helps govern the corporation, provides advice and counsel, conducts high-level management, elects officers, votes on key decisions, and protects shareholders’ interests.…
According to U.S. News and World Report, the average cost of tuition and fees for the 2020-2021 school year was $10,388 at an in-state public university and $38,185 at a private university. These figures do not even include housing, books,…
3 Common Estate Planning Misconceptions By Brittany L. Littleton According to a recent survey, nearly two out of three adults have not implemented an estate plan to provide for their loved ones and settle their final affairs after their death.…
We understand that many people want to postpone the conversation about estate planning. It isn’t fun to think about incapacity and death and most people want to avoid meeting with attorneys. However, a thoughtfully designed estate plan protects you, protects…
Every May, the Administration for Community Living[1] leads the celebration of Older Americans Month, honoring seniors for the vital and positive role they play in our communities. This year’s theme is Planning Ahead to Age My Way. Just as every person…
Reverse veil piercing also allows an exception to the legal separateness between corporate or LLC entities and their owners, but in the opposite direction. When the corporate veil is pierced—in reverse—business assets can be used to pay for obligations incurred…
You might think that a board of directors is something that only big companies have, but all S corporations and C corporations—even small businesses—are legally required to have boards of directors. Specific rules for the board of directors are established…
Studies show that one-third of Americans who receive an inheritance have negative savings within two years of receiving the money. Even among Americans who inherit more than $100,000, at least 20% spend, donate, or lose all of it within the…
While it is an honor to be named as an executor of a will or estate, it can also be a sobering and daunting responsibility. Being an executor (sometimes called a personal representative) requires a high level of organization, foresight,…
Your children are your pride and joy. It is no surprise that at some point or another, every parent likely becomes concerned about who will care for a minor child or children if they die or are incapacitated. To provide…