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Essential Estate Planning Updates to Make After You Get Divorced
Divorce holds considerable implications not only for your financial future, but also for the future of your loved ones and even your medical care. To that end, it is imperative that you revisit your estate plan as soon as you seek divorce or separation. Keep the following estate planning considerations in mind as you proceed with your divorce. Befor...
Common Mistakes Family-Owned Businesses Make
According to the Conway Center for Family Business, the majority of United States businesses are family owned; upwards of 80 percent of businesses are family based. Even big businesses like Ford, Marriot, and Walmart are family held. These family-based businesses do more than just keep everyone employed and prospering; they also account for about 60...
Dangerous Pets, Risky Behavior, and Your Rental Property
Most landlords understand the most common tenant problems; from tenants who paint the walls terrible colors to those with noise problems and even those who skip out on the rent, every landlord has a horror story. The worst issues of all, though, are those that cause legal liabilities or catastrophic damage to your home or property. In some cases, la...
How to Leave an Heir Out of Your Will
When the multi-married actor Henry Fonda died in 1982, he left his estate to his fifth wife, to whom he was married at the time of his death, and one child he had adopted with his third wife. He specifically left nothing to his other two children, the actors Peter and Jane Fonda, who he had fathered with his second wife. The words Fonda used in his...
Essential Landlord-Tenant Documentation
As a landlord, it is important to ensure you have the right documentation in place. This is important because you need to make sure you are protecting yourself as well as your tenant. Of these essential documents that we will mention in this article, you may or may not need to have all of them in place for each of your tenants. Your experience with...
How to Fire an Employee
Firing an employee can be unpleasant for both the employer and employee, but there are some circumstances where it has to be done. If you have hired employees for your business, it is almost certain that you will need to fire someone at some point. When it comes time to do so, it takes far more than just saying "you're fired." You need to have a leg...
Everything Entrepreneurs Need to Know about Non-Disclosure Agreements
Do you think you need a non-disclosure agreement (NDA) to protect your business ideas? Do you or a business partner want one in place before you team up? You may find that not everyone is excited about or willing to sign an NDA. To understand why, you need to understand how NDAs work along with what happens if someone violates an NDA. What Is a Non-...
Succession Planning: What Owners of Small Businesses Need to Know
You have probably heard about using a will or other estate planning tool to protect your family, but what about your business? Small businesses rely heavily on their owners, and the unexpected death of a business partner could leave a key role unfilled. Without a succession plan in place stating who should take over, the business may be at risk of c...
Can Your Lease Ban Short-Term Rentals?
When you rent a house or apartment, you may think it is yours for the duration of the lease. While it is your home, you already know you cannot do things like repaint the walls without getting your landlord's permission or having to pay damages when you move out. What about using an app to rent out your couch or spare bedroom for a night or weekend?...
What to Look For in a Business Loan
If you are a business owner, or planning on starting a new business, then at some time during the life of your business you will likely need a loan. Whether the funds are needed to pay for your startup costs, to finance an expansion of your business, invest in inventory, buy new equipment, or for any other reason, there are many options for you. Vie...