Wills Vs Trust

Which should you choose? A will or a trust? What is the difference between the two? Both a will and a trust protect assets and indicate who will receive them upon your death, however, they work very differently. Let’s take a deeper look at wills vs trusts. For many people, whether a will and power.. read more →

Four ways to shield and protect your assets

If you have substantial assets, come into sudden wealth, or are in a risk prone business you really should consider protecting your assets against possible lawsuits. And there are several ways you can keep your financial holdings secure. First, make sure you have liability insurance. Your first line of defense against any type of litigation.. read more →

Steps To Properly Plan Your Estate

No matter how large or small your estate, your assets and your family should be protect when you die. There are some easy steps you can take to ensure your estate plan is in place, your assets will be protected and passed on appropriately, and for your peace of mind. 1. Create a basic estate.. read more →

Should College Students Have Powers of Attorneys and Health Care Directives?

What if you have to step in? This is a commonly overlooked item in estate planning. Most people think about taking care of their children financially, but almost never think about if something bad happens to their adult child. If you have a child or children over 18, if you are not named as their.. read more →

So You Just Want a Boiler Plate Contract?

Asking a lawyer to prepare a “boilerplate” contract is like fingers scratching the chalkboard. Lawyers hate this because it devalues their services. Clients only think they love them. Why are you asking for that? For some reason (actually I know the reason) lately I am being asked by clients to prepare a “boilerplate” contract for.. read more →

Legal Forms on the Web – Do you really need an attorney?

A weak maybe? There are, no doubt, situations where a simple form obtained free or at minimal cost on the web will suit your purposes. Caution is the watchword here. While there are many legal forms available on line, you have no assurance about the quality of these documents. They are often created to cover.. read more →

Do You Change Your Draw or Salary?

An article in the NY Times business section today poses an interesting cash flow question for small business. Even if you are not having a collection problem there are times, especially in these times, that your cash flow will ebb and flow without reason. That can have a substantial impact on your sales targets and.. read more →

What About the Taxes on the Real Small Business Owners

Most small business owners do business as Sub S corporations or other pass through entities. Changing the corporate tax rate will not help them. I know that most of my clients and business acquaintances do business in a form that passes net income through to their personal 1040’s where the tax is paid. But most.. read more →

10 Questions to Ask Before Family and Friends Become Business Partners | Entrepreneur.com

If there was a single piece of advice that I might give to clients who are considering going into business with friends or family it would be to seek out every other possibility. As an attorney who has spent a great deal of time in litigation unraveling the horrible consequences when these relationships fail. I.. read more →

Collecting your money – 5 Steps that can help cash flow

As a small business owner, collecting the money you are owed can be critical. In trying financial times like these, every dollar is important to maintaining your own credit and staying profitable. Because other businesses are also experiencing cash flow problems in this economy, many are managing by taking longer to pay their bills while.. read more →