Monthly Archives July 2018

Relying on Trust

If you want to transfer your property to your beneficiaries after your death without probate, ask an attorney about drawing up the legal document known as a “living trust.” Another big advantage of a living trust is that it can be very flexible. It can be used to transfer all, or only some, of your assets. In addition, unlike wills, living trusts do not become part of the public record during the probate process. Living trusts derive their name from the fact that they are created while you are alive. The person you appoint to handle the trust after your
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Nondisclosure Agreements

A nondisclosure agreement (NDA) is a legally enforceable contract that creates a confidential relationship between a person who holds a trade secret (such as plans for a new product, client information, sales and marketing plans, or a unique manufacturing process), and a person to whom the secret will be disclosed. Nondisclosure agreements are an effective way to help protect your company’s valuable trade secrets and intellectual property. Make sure your NDA is legally enforceable by contacting an experienced business attorney to help you draft your agreement and keep your confidential information private. For more information, please call Pruitt Law Offices S.C.
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The Reality of Debt

No one really expects that he or she will file for bankruptcy until the moment finally arrives when the numbers bring home the reality. According to the Federal Reserve, overall household debt stood at more than $13 trillion at the end of 2017, which included $8.8 trillion in mortgages, $1.4 trillion in student loans, $1.2 trillion in car loans, and more than $1 trillion in credit card debt. Against this backdrop, the U.S. Trustees Program estimates that 733,000 businesses and individuals are anticipated to eliminate or decrease their debt through bankruptcy in fiscal year 2018. While that number is less
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Family Matters

The 4th of July is a time for family celebrations. Are you considering expanding your family? Perhaps joining two families into a new blended family? If you are considering marrying someone who has been married before or who has children from a previous relationship, there are certain things you will want to know. Is your fiancé still responsible for a house mortgage with a former spouse or live-in? How much child support does he or she owe or is entitled to collect? Are there unresolved debt issues? Being fully informed is the best way to enter into any relationship that
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