We’ll provide more information about the trustors vs. trustees comparison, what to consider when filling these roles, and how they work together in Revocable and Irrevocable Trusts.
A power of attorney with springing powers is a legal document that grants someone else the authority to act on your behalf only after a specific event occurs.
A Certificate of Trust proves your Trust is real and names who can act for it, while your beneficiaries and assets stay private. It lets your Trustee handle Trust business, like opening accounts or transferring property.
A DBA is a name registration that lets you run your business under a name other than your personal legal name or legal business entity. While a DBA offers branding flexibility and market expansion opportunities without creating a new legal structure, it does not provide legal liability protection, tax benefits, or function as a business license.
We discuss different types of NDAs, what makes them enforceable, and options for when someone breaks one.
An executor is responsible for ensuring your final wishes get carried out, so it’s important that you choose someone who is responsible and can bear the emotional burden.
An employer identification number is a nine-digit number the IRS uses to identify a taxpayer. The estate needs its own, and getting one is usually simpler than it sounds. Learn more about estate EINs.
A Beneficiary Deed is a legal document where you name someone to get your real estate after you die. In many states, it’s also called a Transfer-on-Death Deed (TODD). This type of deed can help property pass to a named beneficiary without the hassle of probate.
Wedding insurance policies help guard against financial losses in worst-case scenarios. It’s an important part of wedding planning, but what kinds of coverage do you need?
An indemnity agreement settles the “who is responsible” question ahead of time. One party promises, in writing, to cover certain losses tied to the work, so the other isn't left with the bill. These promises appear in construction contracts, leases, and business sales.
Insurance can feel dense and a little intimidating the first time you deal with it, and renters’ policies come with their own set of coverages, limits, and exceptions that companies don’t always spell out plainly.
In general, the answer is no, you can’t get a divorce for free. That may be disappointing news if you’re interested in a free divorce, but the good news is, there are ways to lower costs.
The distinction between an heir and a beneficiary is particularly important because they may receive estate assets in different ways.
You might need your deed when you’re selling your home, adding a spouse to the deed, checking ownership, or trying to settle estate questions.
Whether the goal is selling a company, bringing in a business partner, or passing it to a family member, the LLC ownership transfer often involves reviewing the LLC's operating agreement and the applicable state's rules.
