Misconceptions about revocable living trusts abound, which is why it is so important to get professional help when setting one up. Here are three common mistakes people make when setting up a living trust. Not Acclimating Trustees After setting up your living trust and funding it properly, you need to make sure that the people…
A lawsuit of any size can negatively affect a defendant who finds themselves ordered by a court to pay a debt to a creditor or plaintiff. You could be the average person who lost a small claims court case to a former friend. Another scenario could be the well-off small business owner slapped with a…
Are you faced with a court case and wondering if there is an alternative to paying a licensed attorney of law to represent you? Have you ever considered representing yourself? If so, here are the answers to some frequently asked questions about pro-se litigation. What is pro-se litigation? The word pro-se is Latin, and means…
What happens if you are served a complaint and summons from a competitor, vendor, or client? Or the IRS puts you on notice of back taxes owed? Or changes in regulations and enforcement make you vulnerable? Or if you are personally exposed to an unforeseen loss from an LLC? Do you have a defense or…
You spent years building your business from scratch, and now it is finally profitable. Or maybe you toiled for years in your profession, climbed the ladder, and have finally command a position of respect and high income. The last thing you want to have happen after all your hard work is to lose it all…
Owning your own business comes with an array benefits and drawbacks. A common reason prospective owners are wary about operating a business is the fear of being taken to the cleaner’s in court over a lawsuit. Your personal assets are valuable, and action must be taken to protect them. Thankfully, many strategies designed to protect…
Being convicted of a crime can be quite stressful, especially for those who did not commit the crime that they have been accused of. If you have been wrongfully convicted of a crime there are several factors that may help lead to a reversal of the decision. The first steps in the appeal process will…
There has been a lot of argument lately about small business owners and their right to refuse service based off of religion. The Religious Freedom Restoration Act has made it easier for companies to do so – for example, in 2016, the law protected a funeral home which fired a trans employee because of the…
One of the biggest misconceptions about living trusts is that wealthy people are the only ones who benefit from them. Additionally, a living trust ( also known as”inter vivos” or “revocable” trust) is often confused as being the same as a last will. However, even though they are both very useful, these are two distinct…