Tools & Resources

Choosing Business Entities

Choosing Business Entities

Now that you’ve decided to launch your own business, have you decided on the business entity? If not, below please find a simple “pros” and “cons”...

Noncompete Agreements

Noncompete Agreements

Do you have a Noncompete Agreement with your current employer and do not know how to get out of it? A Noncompete Agreement is meant to protect an...

Why estate planning is important

Why estate planning is important

No one likes to think about their own death, but preparing end-of-life documents, such as a last will and testament, can give you great peace of...

Revocable Living Trusts Explained

Revocable Living Trusts Explained

A revocable living trust is an agreement between the grantor (the person creating the trust) and the trustee to manage the trust property for the...

Noncompete Agreements

Noncompete Agreements

Do you have a Noncompete Agreement with your current employer and do not know how to get out of it? A Noncompete Agreement is meant to protect an employer from having an employee “steal” its clients or its proprietary business knowledge when the employee leaves. A...

Why estate planning is important

Why estate planning is important

No one likes to think about their own death, but preparing end-of-life documents, such as a last will and testament, can give you great peace of mind now, knowing your wishes will be followed when you're gone. Still, getting together a last will can seem like a...

Common Definitions You’ll Hear in Estate Planning

Common Definitions You’ll Hear in Estate Planning

Beneficiary = Person (or organization) who receives benefits as described in a Will. Bequests = Gifts of money or items of property made in a Will. Cash = All bank and financial accounts which reflect cash investments only. Includes checking and savings accounts, bank...

Why estate planning is important

Revocable Living Trusts Explained

A revocable living trust is an agreement between the grantor (the person creating the trust) and the trustee to manage the trust property for the benefit of the beneficiary (usually the same person - the grantor). When the grantor transfers property to the trust, the...

What are the Advantages of a Revocable Living Trust?

What are the Advantages of a Revocable Living Trust?

1) Flexibility - The revocable living trust can provide a flexible mechanism for managing assets should a person become incompetent or has diminished capabilities. 2) Avoid probate - probate is a judicial process where a will is reviewed (typically) by a judge to...

What are the Disadvantages of a Revocable Living Trust?

What are the Disadvantages of a Revocable Living Trust?

1) No court oversight - If there are concerns over intrafamily suspicions and feuds, or if there may be discomfort of a family member acting as a successor trustee to wind up the affairs of a deceased family member, then judicial oversight may not be a bad idea. No...