A trust is a legal arrangement that creates a relationship in which a trustor gives a trustee the right to hold and maintain assets until instructed for the benefit of a beneficiary. Many people make trusts alongside their will because a trust can avoid probate, estate taxes and disputes. There are many kinds of trusts with unique legal wording....
The police use traffic stops as a way to gather evidence and judge whether an arrest is necessary. For example, many drivers are pulled over by the police when it’s suspected that the driver is drunk. Drivers could also be pulled over because they violated a traffic law, such as running a red light, having expired plates or driving without...
Planning your estate is a critical financial and practical concern that often gets overlooked. Whether you are single or married, the importance of addressing your estate plan cannot be overstated. It is not reserved for the wealthy or elderly; it is a vital process for everyone. Single individuals might think they don't have significant assets...
A potential merger can be a significant opportunity for a business. The companies negotiating the merger can combine facilities and talent pools while also sharing trade secrets and other business resources. Mergers can lead to rapid growth and local market dominance for the new company formed through the transaction. In theory, a successful...
When it comes to estate planning, the importance of a will cannot be overstated. However, there are instances where a simple will may not suffice to address the intricate details of one’s estate. Understanding the complexities of comprehensive estate planning is crucial for individuals aiming to secure the future of their assets and...
A non-compete agreement is designed to protect a business, often with the goal of safeguarding intellectual property. Workers who sign these agreements are stating that they will only work for that specific company and that they will not suddenly leave to join the competition. They may also indicate that they won’t leave to start a company – at...
Becoming a franchisee is one of the possible ways to venture into owning a business. There are several things that you need to look into if this is what you’re considering. It’s critical that you ensure you’re choosing the best franchise for your circumstances. As you’re going through the possible franchises on your list, look into these three...
If you own a business, you should plan for its succession. Who will take over it after you die or are unable to run it? A significant percentage of people pass their businesses to family members, in most cases, the children. If this is what you plan to do, here is what you should know first: Do your kids want to take over the company? You should...
"Phantom traffic" refers to a phenomenon where traffic inexplicably slows down or stops, possibly due to a sudden brake by a single driver, an accident or construction zone. This ripple effect, often caused by one driver's abrupt actions, disrupts the smooth flow of traffic and can be a source of major frustration for motorists. In Missouri,...
It’s a good idea to periodically review your estate plan to see if updates are needed. They may not be during every review. For instance, some people who review their plan every year or every two years may not to make updates every time that they check to make sure that their documentation accurately reflects their wishes and circumstances. But...
