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Contracts are the cornerstone of many business transactions. They lay out the expectations from both parties, so each one knows exactly what they’re responsible for. Many contracts conclude with both parties being fully satisfied with how it went. But, there are some...
When a young adult turns 18, they become a legal adult. One of the many rights that comes with adulthood is the right to plan an estate. Individuals can designate beneficiaries to inherit their assets after they die. Most adults do not establish estate plans when they...
Businesses often negotiate contracts to lock in prices and connect with necessary resources like supplies and services. Contracts also help ensure that a company receives appropriate payment for the goods or services it provides to others. Most of the time, those who...
People who expect to receive an inheritance from an estate typically defer to estate planning documents. They let the instructions and wishes of the decedent determine what they receive from the estate. Occasionally, beneficiaries do not feel comfortable with the...
Running a business is an exciting venture, but even the most successful companies can face internal disagreements. When disagreements involve shareholders, the stakes can be particularly high. While some disputes can be resolved through negotiation, others reach a...
Trusts are legal arrangements wherein assets are held and managed by one party for the benefit of another. They are typically designed to be ironclad to prevent unnecessary disputes. Yet, there are certain situations where disputing a trust becomes a necessity....
Starting a business with a partner can speed up the formation process and make business ownership more accessible to a broader range of people. Those without hands-on management experience or sufficient liquid capital to fund an endeavor all on their own can, for...
Competition is supposed to be good for business – and good for society as a whole. But there are times when business rivals don’t know where the boundaries lie between “fair competition” and a type of improper conduct called “tortious interference.” One common type of...
When your parents pass away, you may go through their estate to see what assets they have and what debts they have remaining. Adult children are often very curious about their parents’ financial position. This goes doubly for the person who has been named as the...
When someone creates an estate plan, they leave behind instructions about their wishes for their property and the care of their dependents. Most estate plans serve their purpose and help guide the process of estate administration when the testator dies. However, some...