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Legal Documents

ESTATE PLANNING

It is estimated that only 20% of American have a Revocable living trust, it is important that you have taken the appropriate measures to create the appropriate legal documents…

BUSINESS CREATION

Starting a business is an overwhelming feat, and it starts with ensuring that you have properly created and submitted your business to the correct agencies.

PROBATE

After experiencing the loss of a loved one the last thing that one wants to do is spend hours in court trying to navigate the complicated probate system…

1005, 2023

Funding Your Trust

By |2023-05-10T10:50:43-07:00May 10th, 2023|Legal Documents|

Funding Your Trust Signing your trust is just the first step in creating a successful estate plan. The second step is funding your trust. This is the process of transferring assets into it. In this article, we will go over the basic steps of funding your trust. Personal Property Personal property includes clothing, furniture, jewelry, and electronics. These assets do not have any formal title, but you will want to sign a general transfer [...]

1502, 2023

When Is a Trust Involved in Probate?

By |2023-02-14T14:54:19-07:00February 15th, 2023|Legal Documents|

When Is a Trust Involved in Probate? In general, a trust will help your estate to avoid probate. However, there are certain scenarios when probate may be required. In this article, we will consider one circumstance when a trust may be involved in probate. How a Trust Works When you create a trust, you create an entity that is separate from yourself. Individuals are subject to probate, but entities are not. For your assets [...]

1309, 2022

LLC Operating Agreement

By |2022-09-12T13:13:31-07:00September 13th, 2022|Legal Documents|

LLC Operating Agreement An LLC Operating Agreement is a contract between the members of an LLC. This contract outlines the rules and regulations that govern business decisions. In this article, we will outline what an LLC Operating Agreement typically includes and why creating one may be advantageous for you. LLC Operating Agreement vs. Articles of Organization It is important not to confuse an Operating Agreement with Articles of Organization. Articles of Organization are public [...]

108, 2022

Avoiding Guardianship

By |2022-08-01T13:42:40-07:00August 1st, 2022|Legal Documents|

Avoiding Guardianship Avoiding guardianship is what most people hope to achieve in their lifetimes. A guardianship is someone who has been court appointed to care for the financial and health care interests of another person. Many people find themselves needing to file for guardianship to help care for an aging parent. Why does this happen and how can you avoid it? Read on to find out. The Mistake The key mistake that most people make [...]

2001, 2022

Celebrity Estate Planning Mistakes-Part 4

By |2022-01-20T13:53:45-07:00January 20th, 2022|Legal Documents|

Celebrity Estate Planning Mistakes Celebrity estate planning mistakes are entertaining, but they can also teach us valuable lessons. In the fourth installment of our celebrity estate planning mistakes series, we will examine the estates of Howard Hughes, Doris Duke, Aretha Franklin, Barry White, and Michael Crichton. Howard Hughes Died: April 5, 1976 Estimated Worth: $11 Billion Howard Hughes passed without valid estate planning documents. He had verbally expressed that he wished to give his [...]

112, 2021

Testate vs. Intestate Estates

By |2021-11-30T15:47:50-07:00December 1st, 2021|Legal Documents|

Testate vs. Intestate Estate A testate vs. intestate estate have very different procedural requirements. The exact steps you will need to take will depend on what type of estate you are dealing with. In this article, we will go over what is involved in probating testate vs. intestate estates. Defining Terms To summarize, a testate estate is the estate of a person who dies with a Last Will and Testament. On the other hand, [...]

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