The start of a new year is an ideal time to prioritize estate planning. Keeping your plan up to date protects your hard-earned assets as well as your family. Consider following the guide below to make certain your estate plan continues to meet your and your family's needs. Review and update your will Your will is the cornerstone of your entire...
If you are hit by a truck, your first reaction may be to blame the truck driver. Seeking compensation from their insurer would usually be your first plan. However, the driver may not bear full responsibility. Because semi-trucks are driven for professional purposes, there may also be others who bear some responsibility for compensating you. The...
Executives and business owners negotiating a merger often let enthusiasm overshadow rational judgment. They become so excited about the future prospects for the business that they don't properly analyze the situation. Unfortunately, mergers come with a lot of risk. Redundant positions, facilities and equipment can lead to a massive surge in...
An employment contract can significantly protect you and your employees. However, some factors may affect its ability to do so. You or your employees may unknowingly breach the agreement, which can lead to legal action. So, what are these problems that can result in such a reality? 1. Vagueness The use of vague language in an employment contract...
When a property has just one owner, the sale of that real estate is typically straightforward. The buyer and seller need to agree on terms, which can sometimes complicate the process, but things usually proceed smoothly. That said, some properties are owned jointly. When there are multiple owners of the same property, it can complicate the...
You inform one of your employees that you’re going to terminate them and that Friday will be their last day of work. The employee, however, is surprised and frustrated. They claim there’s no reason for the termination. They haven’t made any mistakes, and they’ve done their job exactly as described. They believe it would be wrongful termination if...
One of the greatest fears that people have if they’re overwhelmed by debt is that they’ll lose their home to foreclosure. It may help to know that mortgage lenders don’t want to foreclose on a home unless they have no choice. There are options for homeowners who can’t make their mortgage payments that can help them avoid foreclosure. If you’re...
Every new employee is an opportunity for a company to improve its operations. They are also a potential source of liability. Workers can make mistakes when manufacturing products or may treat each other poorly. Their behavior can damage a company's reputation. They can also become dissatisfied with their employment and decide to take legal action...
If you either currently own or aspire to own a business, and you don’t plan on going into business with anyone else, you may be tempted to maintain/create a sole proprietorship structure for your company. After all, they take virtually no effort to set up, and you don’t have any reason to hash out legal details with co-owners. However, a sole...
Do you know that you’re just an “okay” driver? Can you acknowledge the fact that – even though you’ve been driving for years – you still sometimes make a few boneheaded mistakes? If you’re willing to admit to that, you’re a step ahead of most drivers in this country. According to a study by AAA, the vast majority of drivers – a whopping 73% –...
