A power of attorney is a document that permits a person to act upon another person's behalf, usually in health, finances and business decisions. There are different kinds of powers of attorney, ranging from a limited power of attorney to a very comprehensive one,...
Individuals who play a role in estate planning, including trustees, executors and others, have a legal obligation to always act in the best interests of the estate, trust, heirs or beneficiaries. The breach of this legal obligation is a breach of fiduciary duty....
When getting started, it’s common for many entrepreneurs to choose a structure that aligns with the initial objectives and resources available. However, as time passes and the business evolves, the structure may no longer be the best fit. It means exploring...
If you’re the executor of a relative’s or friend’s estate, you are probably grateful if they did some thoughtful estate planning to keep their assets out of probate court. This can make administering the estate easier and faster. What if you find out, however, that...
Starting a new business can be an exciting but challenging endeavor. While making mistakes along the way is normal, being aware of common pitfalls can help new business owners navigate the entrepreneurial landscape more successfully. If you have started a business...
Estate plans need to be reviewed – and potentially updated – regularly after they are created to make sure that they are current concerning the assets that a person owns and the goals they want to accomplish. Instead of updating the plan every one-to-three years, you...
When Pennsylvania residents pass on, their dependents are often left to take care of their financial affairs. This is especially the case when the decedent dies unexpectedly. And if the decedent had no will in place, Pennsylvania intestate laws generally come into...
When you start a business, you need to tell prospective clients you are in operation and have what they need. Coming into the market with a quality/unique product or service is crucial, but if people don't know about it, they won't become your customers. Thus,...
Running a business comes with its fair share of risks, and liability is one of the most significant concerns. Protecting your business from potential legal and financial liabilities should be a top priority whether you own a small startup or a large corporation. By...
Some industries provide owners with a reliable income without the need to grow or expand very much. For example, owning the only pharmacy in a small town puts you in the perfect position to reap all the rewards of success. Other times, however, a business needs to...
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