Issues to Consider When Forming a Partnership

Selecting your business structure is one of the most important decisions you will make.  You should take the time to consider all of your options before selecting a business structure. There are several types of partnerships available to business owners.  A partnership is created anytime two or more people come together to conduct business for profit.  Partnerships […]

Issues to Consider When Choosing to Incorporate

Selecting your business structure is one of the most important decisions you will make.  You should take the time to consider all of your options before selecting a business structure. When you create a corporation you are creating an entity that is completely separate from the owners and shareholders.  The corporate entity will continue to exist until […]

Four Basic Business Entities

Sole proprietor is the easiest business to start.  This requires nothing but that you begin providing a product or service and you must file an assumed name certificate in the county where you will be working. While this is the easiest form it has no liability protection at all. Partnership is a business structure that includes […]

What is a Living Will?

Directive to Physicians is the legal name for the document known as a living will.  This legal name is appropriate because the purpose of a living will is to provide direction to medical professionals and loved ones on the type of care you wish at the end of your life. A list of specific procedures […]

Four Documents Every Estate Plan Needs

The four documents that create the foundation of a good estate plan are a will, medical power of attorney, durable (financial) power of attorney and a living will.  Each of these documents provides protection for specific issues associated with death or incapacity. A will details your wishes after you pass away. A will allows for a smooth transition for the loved ones […]

Different Types of Power of Attorney

The two types of power of attorney are medical and durable.  A medical power of attorney addresses who should make medical decisions if you are unable to make them for yourself.  A durable power of attorney addresses financial decisions.  Either power of attorney can be customized to fit the needs of your situation. A medical […]

Executor’s Role in a Probate Proceeding

The executor’s role is to ensure that the terms of a persons will are followed or if no will exists to ensure the estate is transferred in compliance with state law.  There are several steps in this process. Identify the assets. Collect or otherwise take control of the assets. Identify the debts. Pay debts. Distribute […]