Many parents who have more than one child believe it’s only fair to leave each of their children an equal amount of money and/or other assets in their estate plan. However, “equal” doesn’t always mean “fair.” There are a number of reasons why parents might believe...
Creating and entering into business contracts is likely a big part of running your business. Making sure that your business contracts are binding, enforceable and clear can protect your interests and your operations. According to the Small Business Administration, in...
As you start your new business, you want it to be as successful as possible, and you want some element of early stability. Both of these goals are reasonable and also hard to achieve without knowing what you can do to put your company in the best possible position. ...
Who takes over your estate when you pass on without an estate plan in Pennsylvania? Legally, this is referred to as dying intestate. Every state has put in place an intestate succession law or statute to handle this situation. These laws are meant to protect the...
You may think that having an attorney in Pennsylvania review a contract before you sign it is unnecessary. In fact, you might be tempted to skip this step altogether. Well, think again. You can save yourself considerable time and money later on by getting an...
If you’re going into business for yourself, one of the first and most important decisions you’ll need to make is what type of business structure to use. Many small businesses choose either a DBA (doing business as) or LLC (limited liability company). Both have...
Probate is the process of distributing assets after someone dies. There are various ways to avoid probate or limit what assets go through the process at all. But it is often a crucial part of the process. Joint tenancy, meanwhile, indicates that two people are equal...
When you incorporate your business, it is very important to get it right the first time. After all, you don’t want to launch your new company under a cloud of impropriety. You chose an LLC over a sole proprietorship or some other business structure for solid and...
Unless you served as someone’s executor in the past, you may be learning the process as you go. The executor role brings with it many important responsibilities, and failing to follow certain guidelines may wind up costing you and your loved ones a good deal of...
Most estates pass through the probate process before the distribution of assets to heirs occurs. This process can take a long time depending on how large the decedent's estate is, how many heirs or beneficiaries they have and whether someone contests their will. There...