What are Letters Testamentary?
An individual who has been named as a personal representative or executor in a will has a number of important duties. These include gathering the deceased person's property and transferring it to the beneficiaries through a court-supervised process known as probate. In order to initiate this proceeding, the executor must first obtain...
What are Letters Testamentary? Continue reading…How to Negotiate a Commercial Real Estate Lease
There are number of considerations for business owners involved in negotiating a commercial lease, not the least of which is the fact that the main objective of landlords is to maximize profits. By understanding the following fundamental concepts, it is possible to make a good deal. Market Conditions
How to Negotiate a Commercial Real Estate Lease Continue reading…The Benefits of Incorporating in Safe Haven States
Many business owners believe it's best to incorporate in their home state, but there are often business and tax advantages available in other states. In particular, Delaware and Nevada are attractive to those who are looking to form a corporation. These so-called corporate haven states are considered to be business friendly.
The Benefits of Incorporating in Safe Haven States Continue reading…Things to Consider Establishing a Charitable Giving Plan
For many individuals, leaving a legacy of charity is an important component of estate planning, but there are many factors involved in creating a charitable giving plan. First, it is important to select causes that you believe in such as environmental, educational, religious or medical, or those dedicated to...
Things to Consider Establishing a Charitable Giving Plan Continue reading…What if more than one party is responsible for my injuries?
If you were injured in an accident, it may be possible to hold another individual accountable by pursuing a personal injury lawsuit. In some cases, however, more than one person may be responsible for your injuries. In these circumstances you may still be compensated under the doctrine of comparative fault: the allocation...
What if more than one party is responsible for my injuries? Continue reading…Common Types of Will Contests
The most basic estate planning tool is a will which establishes how an individual's property will be distributed and names beneficiaries to receive those assets. Unfortunately, there are circumstances when disputes arise among surviving family members that can lead to a will contest. This is a court proceeding in which the validity...
Common Types of Will Contests Continue reading…Why Your Business Needs an Email Policy
In the contemporary workplace, email is an essential and efficient form of communication. Whether it's used internally among staff members, or for exchanges with vendors and customers, email is a necessary business tool. At the same time, misuse of this technology can expose an organization to legal and reputational risks as well...
Why Your Business Needs an Email Policy Continue reading…Can You Sue City Hall?
Many individuals mistakenly believe that they cannot sue city hall, but this is not the case. Under the doctrine of sovereign immunity, town, city, county and state governments were once protected from most lawsuits. Today, those rules have been scaled back to some extent, and the government can be held responsible for...
Can You Sue City Hall? Continue reading…Responsibilities and Obligations of the Executor/ Administrator
When a person dies with a will in place, an executor is named as the responsible individual for winding down the decedent's affairs. In situations in which a will has not been prepared, the probate court will appoint an administrator. Whether you have been named as an executor or...
Responsibilities and Obligations of the Executor/ Administrator Continue reading…Insurance Bad Faith
If you or a loved one is injured in an accident you may be entitled to compensation which usually means dealing with an insurance company. Although insurers have an advantage because they have teams of attorneys and experts, the law requires insurance companies to treat claimants and policyholders fairly. While there may...
Insurance Bad Faith Continue reading…How to calculate estate tax
In order to predict how much your estate will have to pay in taxes, one must first determine the value of the estate. To determine this, many assets might have to be appraised at fair market value. The estate includes all assets including real estate, cash, securities, stocks, bonds, business interests, loans...
How to calculate estate tax Continue reading…Strict Product Liability
If an individual is harmed by a purchased device or product, damages may be recovered under strict product liability. The plaintiff, however, must be able to prove several things in order to prevail in suit against a distributor, manufacturer, or retailer. Generally, the product must have been “in an unreasonably dangerous condition”...
Strict Product Liability Continue reading…