Blog — Family Business

Tuesday, March 15, 2016

New Laws May Clarify Estate Planning for Online Assets

Including online assets within your estate plan is a new thing, and the legal rules aren’t always entirely clear. But a number of states are now considering laws that will make things easier.

For instance, Delaware recently became the first state to pass a comprehensive law addressing what happens to someone’s online assets when they pass away. Thirteen other states are...

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Tuesday, March 15, 2016

Why Law Matters to Your Business

Law takes care of the creativity, structure and relationships that make your business healthy and vibrant. The legal tools that do this are things like contracts and copyright/trademark laws. That’s a pretty compelling “why.”

Law also takes care of your business in two basic ways. First, it protects your business from unfair competition and from individuals engaging in illegal activity such as fraud. Second, the law...

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Thursday, February 18, 2016

Clean Up Those Liens

I have written several articles over the past few years about the importance of obtaining the paper documentation and paying off obligations to avoid future problems when you want to sell an asset that you originally financed when you purchased it. This can be anything from a vehicle or a boat to a more significant asset like real estate or even a business and business assets like machinery and equipment.

The problem arises when you pay off an...

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Tuesday, January 19, 2016

Beware The Use of Online Legal Services

A client whom I represented a couple of years ago regarding the sale of her company recently contacted me. This particular transaction involved the buyer purchasing the assets of her company and the new business carrying on in the same manner as it did before the sale. The transaction was a little unusual in that my client also became a 20% owner in the corporation that bought the new business and...

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Tuesday, January 19, 2016

Asset Protection Is for Everyone

When people hear the words “asset protection,” they think of rich individuals with offshore accounts and tax havens. However, in reality, asset protection is for everyone. Using a series of basic techniques, individuals can increase the odds that the wealth they’ve accumulated stays with them and their heirs and not someone else.

Individual’s assets can quickly disappear as a result of a lawsuit, a failed...

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