Incorporation involves certain important legal considerations, as well as various tax consequences. From a legal point of view, incorporation of a business may protect the principal owners of the corporation from personal responsibility for various financial and legal liabilities. On the other hand, the requirements of operating within the corporate format impose specific legal reporting […]
Powers-of-attorney may be given to a spouse, adult child, or other family member, to a friend or professional advisor, or to an officer of a financial institution, nursing home or other organization. A general power-of-attorney is a document giving another person the authority to do essentially anything that the individual signing the power can presently […]
Custody and visitation are two of the most emotional and frustrating aspects in the breakup of a marriage. State law and local court rules provide a structured means of resolving custody matters. Those rules vary somewhat from county to county, but generally involve the drafting of petitions and agreements, a conciliation process, child custody evaluations […]
In the past, many business and personal agreements were not put into writing, but were finalized by a “smile and a handshake”. Although we may wish that we could return to simpler times, in today’s world it is best to put agreements in writing. In fact, certain types of agreements must be in writing in […]
Automobile insurance law requires insurance companies to offer a variety of options for coverage, but provides certain minimum requirements. One option is to provide either “limited tort” or “full tort” coverage. If you select “limited tort”, you may receive a discount, perhaps up to 10% of the premium. However, in return for this discount you […]
One reason for estate planning is to minimize the tax consequences to your beneficiaries. But even in small estates, some planning is important.