by paullawblog | Jun 14, 2015 | Business Law
If you are considering starting your own business, it is important to choose the optimal form of business organization. Often, the biggest factors in this decision are liability and taxation. In short, a business ought to limit as much liability and be...
by paullawblog | May 31, 2015 | Estate Planning
Before the rise of non-probate transfers of real and personal property, as well as revocable living trusts, the joint tenancy with right of survivorship was a common device used to avoid probate. Probate is undesirable for several reasons. First, probate is...
by paullawblog | May 25, 2015 | Estate Planning
Clients frequently ask “Do I need a will or a trust?” The answer depends on the client’s estate planning goals. For most people, the chief objective of estate planning is avoiding probate. Probate is undesirable for several reasons. First, probate is...
by paullawblog | May 10, 2015 | Estate Planning
A common question in estate planning is “do I need a will?” The short answer is “yes,” although the reason why is probably different than you think. As explored in this post, an individual who dies without a will is said to die intestate. A person who dies intestate...
by paullawblog | May 3, 2015 | Estate Planning
A trust is a relationship in which property is held by one person for the benefit of another person. A trust has three fundamental roles: settlor, trustee, and beneficiary. The settlor creates the trust and funds the trust with trust property. The trustee holds and...
