When starting a business, many entrepreneurs jump immediately into day-to-day operations. They often struggle to make time to develop systems for documenting how decisions are made. However, failing to keep a written record of the factors that lead to business…
If you’re thinking about giving your children their inheritance early, you’re not alone. Studies suggest that these days, nearly two-thirds of people over the age of 50 would rather pass their assets to the children early than make them wait…
You may have been running around for weeks, getting your new college student off to school. It's exhilarating, and your heart likely is bursting at the seams. You're probably prouder than you can say, but you're a little afraid, too.…
Why a Buy-Sell Agreement Is a Critical Piece of a Business Owner's Estate Plan 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…
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…