Considering Online Estate Planning?
Considering Online Estate Planning? Think Twice The recent proliferation of online estate planning document services has attracted many do-it-yourselfers who are lured in by what appears to be a low-cost solution. However, this focus on price over value could mean your wishes will not be carried out and,...
Considering Online Estate Planning? Continue reading…Overview of Life Estates
Establishing a Life Estate is a relatively simple process in which you transfer your property to your children, while retaining your right to use and live in the property. Life Estates are used to avoid probate, maximize tax benefits and protect the real property from potential long-term care expenses you may incur...
Overview of Life Estates Continue reading…C-Corporation Vs. S-Corporation
C-Corporation Vs. S-Corporation: Which Structure Provides the Best Tax Advantages for Your Business? The difference between a C-Corporation and an S-Corporation is in the way each is taxed. Under the law, a corporation is considered to be an artificial person. Shareholders who work for the corporation are employees;...
C-Corporation Vs. S-Corporation Continue reading…How are Damages Calculated in Personal Injury Cases?
If you have been injured as a result of someone else’s negligent conduct, you may be considering a lawsuit to recover compensation. The compensation awarded to you, called “damages,” falls within two categories: compensatory damages and punitive damages. Compensatory damages are designed to compensate the plaintiff for actual losses sustained, and are...
How are Damages Calculated in Personal Injury Cases? Continue reading…Bypass Trusts
Changing Uses for Bypass Trusts Every year, each individual who dies in the U.S. can leave a certain amount of money to his or her heirs before facing any federal estate taxes. For example, in 2013, a person who died could leave $5.25 million to his or her...
Bypass Trusts Continue reading…Tenant-in-Common Investments
The Risks of Tenant-in-Common Investments Historically, tenant in common (TIC) projects were owned by a relatively small group of investors who knew each other, such as long-time friends, business partners or family members. Strategies to maximize tax savings and preserve equity typically guided investors to this...
Tenant-in-Common Investments Continue reading…Exemption Requirements for Non-Profit Corporations
A public benefit corporation is a type of non-profit organization (NPO) dedicated to tax-exempt purposes set forth in section 501(c)(3) of the Internal Revenue Code which covers: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. Public benefit...
Exemption Requirements for Non-Profit Corporations Continue reading…Bringing a Claim for Injuries When the Accident Was Partly Your Fault
In order to prevail in a personal injury case, you must be able to prove that your injuries were directly caused by the negligent actions of another. If you can prove that your injuries were at least partly caused by another, you may be able to receive compensation for your medical expenses,...
Bringing a Claim for Injuries When the Accident Was Partly Your Fault Continue reading…Serving as an Executor?
What’s Involved in Serving as an Executor? An executor is the person designated in a Will as the individual who is responsible for performing a number of tasks necessary to wind down the decedent’s affairs. Generally, the executor’s responsibilities involve taking charge of the deceased person’s assets, notifying...
Serving as an Executor? Continue reading…Terms of a Real Property Letter of Intent
Are You Bound by the Terms of a Real Property Letter of Intent? Complex commercial real estate transactions typically involve a back-and-forth negotiation of numerous terms of the agreement, a process which does not occur overnight. Accordingly, parties to a real estate purchase or lease transaction generally first...
Terms of a Real Property Letter of Intent Continue reading…Do You Have a Medical Malpractice Case?
Your Doctor Made a Mistake – But Do You Have a Medical Malpractice Case? The term “medical malpractice,” sometimes called medical negligence, refers to a situation in which a health care provider fails to act in accordance with standards of accepted medical practice, causing injury or death to...
Do You Have a Medical Malpractice Case? Continue reading…Negotiating a Commercial Lease?
Negotiating a Commercial Lease? Be Sure to Address These Issues When it comes time for your business to move into a new commercial space, make sure you consider the terms of your lease agreement from both business and legal perspectives. While there are some common terms...
Negotiating a Commercial Lease? Continue reading…