Trusts are an excellent — and very versatile — estate planning tool. They create a contract between three parties: a grantor, a beneficiary, and a trustee. The grantor is the person who creates the trust, and whose assets go into it. The beneficiary is the person who will benefit from the assets. The trustee is […]
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What Every Family Needs to Build Their Estate Plan
Creating an estate plan is one of the most important things you can do to preserve your wealth for the future. However, many people assume that having a plan is a simple matter of drafting a Will or Trust that transfers all assets seamlessly to beneficiaries after their death. In reality, an effective estate plan […]
Read MoreUnderstanding Easements
Easements are “nonpossessory” property interests that give holders rights to use land owned by someone else. But what exactly does that mean? Easements can pose a variety of legal issues, so it is important to understand them thoroughly. It’s easier to understand broad concepts when we have concrete examples, so let’s take a look at […]
Read More3 Common Partnership Disputes (And How to Handle Them)
Have you and your business partner been disagreeing? Even though you share your goals of growing and maintaining a successful, profitable business, it’s understandable if you don’t always see eye to eye on the best way of achieving that. Partnership disputes in businesses tend to fall into three major categories. Read on to find out […]
Read MoreEstate Planning Basics: The Guardianship
If you are a caregiver to a child, an aging parent, or someone else, one question likely hangs heavy in your mind: Who will take care of my loved one when I am gone? For many, providing for the care of a loved one is the most critical part of an estate plan. Designating a […]
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