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You spent a lifetime building a successful business. Do not let a poor succession plan destroy your legacy. A successful transition of ownership affects more than your legacy, however. The U.S. economy relies on small businesses. According to Bankrate, 99.9 percent of...
Many states have laws that deal with commercial real estate transactions. These provide the boundaries for the sale and transfer of property. Encumbrance is the legal term that defines a legal interest in a property held by someone other than the property owner....
When a loved one passes away, the responsibility of going through property and sorting out affairs often falls to family or close friends. As someone tasked with this enormous and emotional feat, you may not know what to expect. What happens if you find a hastily...
While it is not fun to think about what should happen after you die, it is necessary for people of all ages to discuss. This is especially true if you own a small business and hope to see that business continue and thrive after your death. Here are some ways to keep a...
If your elderly parents have not yet drafted an estate plan, you may be in store for some headaches after their death. In addition to having to deal with family disputes, you may be at risk of losing out on some or all of your inheritance. As individuals age, they...
If you have written a will to describe how you want to distribute your property after your death, you are doing better than most Americans. After all, as a recent survey found, almost 70% of individuals across all age groups have not yet created even a bare-bones...
A Texas will is not legally valid if the actions or threats of one or more other parties had an undue influence on the person executing the will. However, mere suspicion of undue influence is not enough. To invalidate a will on the grounds of undue influence the...
Commercial leases often come with longer lease terms than residential ones, so when the time comes around to renew yours, you may want to ask yourself whether your current arrangement meets your needs. If not, you may be able to negotiate better lease terms that save...
Individuals often assume that creating a will guarantees that their assets will distribute to designated parties seamlessly. However, for a will to be legally binding, the document must meet certain strict legal requirements. For instance, a will must include...
Ensuring that your estate plan covers every aspect of your life is essential to prevent issues after your death. While you may find it easy to assign assets to heirs, there is one asset that often creates the most complicated situation. Deciding what to do with your...
