Naming a Personal Guardian

Among the many gut-wrenching prospects that people face when drawing up their wills or trusts is the matter of who will care for their minor children in the event that one or both parents die before the children reach adulthood. This involves naming a guardian for minor children in the
Read More

Legal Discovery

Among the many gut-wrenching prospects that people face when drawing up their wills or trusts is the matter of who will care for their minor children in the event that one or both parents die before the children reach adulthood. This involves naming a guardian for minor children in the
Read More

Ties that Bind

One of the key elements of a binding contract is that each side must have the capacity to enter into it. Those with impaired capacity, such as a mentally impaired person, may not be held to the terms of a contract. There is also the element of consideration, which means
Read More

Starting Your Own Business

Those starting new businesses should know that the simplest form of business is a “sole proprietorship”. While this popular business form is easy and inexpensive to set up, the owner of a sole proprietorship remains personally liable for all the business’s debts. A “corporation” is separate from its owner, which
Read More

A Matter of Will

Failure to draw up a will leaves your survivors facing the prospect of having your property distributed under the state’s laws, which are strict in their distributions. Individuals who die without wills are said to have died intestate. Each must face the fact that those who die without having wills
Read More

Is An LLC Right For Your Business?

A Limited Liability Company is a business that combines the pass-through taxation of a sole proprietorship with the limited liability of a corporation. An LLC may not be right for every business; however, some advantages are reflected in its flexibility. The Operating Agreement of an LLC can be so flexible
Read More

Think of Your Children

One of the most important aspects of drawing up a will for parents of young children is appointing a “guardian” to raise the children if both parents were to die before the children reach adult age. Failure to prepare for the eventuality presents possible ramifications that are far too great
Read More

Credit Counseling

Before filing for Chapter 7 bankruptcy, an individual must first seek credit counseling from an agency approved by the U.S. Trustee’s office for their region within a 180-day period before filing. The goal of credit counseling is to provide a sense of whether a person really needs to file for
Read More

Are You Cut Out To Be An Executor?

Executors will encounter minimal difficulty if they follow the provisions of a properly drafted will. However, if the testator’s affairs are complicated, the executor may not have the knowledge or skills necessary to do the job. A person has the right to decline the position of executor at the outset
Read More

Parenting Plans

When it comes to divorcing couples with children, perhaps no other issue evokes as much passion and emotion as that of the “parenting plan.” This document proposes how the care of the children, the decision-making process concerning important matters, and the amount of time spent with each parent will be
Read More

Going Corporate

One of the primary reasons that corporations are formed is that they provide liability protection to their owners. In order to preserve this legal separation between the corporation and its owners, officers, and directors, it is necessary to comply with all the requirements in running the corporation. Furthermore, the corporation
Read More

Can Bankruptcy Prevent Foreclosure?

Homeowners faced with foreclosure might want to consult with an attorney about filing for Chapter 13 bankruptcy to save their homes. Once the filing is made, the federal bankruptcy court issues a “stay” that bars all creditors (including mortgage lenders) from attempting to collect on debts without the court’s permission.
Read More