Living Will

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How long can a business continue to thrive without any need to replace its disabled owner? How long should the business continue to provide partial or full compensation to a disabled owner? Is it possible to fairly balance the needs of the disabled owner with the needs of the business? At what point, should this point ever arise, will a disabled owner lose his decision-making power over the business? These questions and many more of the same kind emphasize the need for individuals to sign a business living will. A business living will is deemed part of succession planning, which involves ensuring the continuity of the business despite the incapacitation of its owner or a key leader. This section is all about business living wills.
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A Revocable Living Trust Saved Us Thousands Of DollarsPosted by Ross Exon. Published on Sep 04, 2009 Would you like to know what experts say is the must have documents people need to ensure that their estates don't wind up mired in probate? Do you realize having only a will is not enough? Regardless of the size of you estate, a living trust is essential. Our greatest gift to our loved ones after we leave this world is to make sure they have easy access to the assets you have passed on to them. This is the only document that can transfer these assets to them without expensive attorney fees, long delays in court, and avoiding state involvement. Need To Settle An Estate That Is In Probate?Posted by Tracy Lenyk. Published on Aug 28, 2009 As an executor or executrix you have been entrusted to carry out the wishes of the deceased. When there is a valid will the legal process is commonly referred to as probate. Settling an estate can be a time consuming, emotional and a stressful job. To execute your job successfully it will be necessary to hire professionals. Those professionals can include a real estate appraiser / home appraiser, an accountant and an attorney. Michael Jackson's Estate Illustrates One Of The Benefits Of A TrustPosted by Carol Ronquillo. Published on Jul 08, 2009 After Michael Jackson died, no family members could find a will or a trust. His mother filed a petition with the Los Angeles Probate Court to be named the administratrix of his estate believing that he died intestate. Soon after she filed, a former lawyer for Michael Jackson produced a will and a trust that he had prepared for the singer. In fact the lawyer is one of the executors/trustees. Do You Really Need A Will?Posted by Tom Jenkins. Published on Jun 19, 2009 In today's age and times, we strongly feel that every single person in the United States requires a will or testament. I often hear different people inquiring as to whether they should have a will or not. As a minimum guideline, if you possess property or have very young children, it would be wise to have a will drafted. If you choose not to have a will drafted, then your property will be distributed via state law when you die. Should I Have A Will Created?Posted by Tom Jenkins. Published on May 12, 2009 In today's age and times, we strongly feel that every single person in the United States requires a will or testament. I often hear different people inquiring as to whether they should have a will or not. As a minimum guideline, if you possess property or have very young children, it would be wise to have a will drafted. If you choose not to have a will drafted, then your property will be distributed via state law when you die. How To Write A Will – Part 1 (the Checklist)Posted by Michael Carabash. Published on Mar 15, 2009 In the next few articles posts, I will provide some general observations about how to write a will. In this part, I'll discuss the initial checklist a person should make and follow in order to prepare themselves on how to write a will. The Importance Of Filling Out Your WillPosted by Anna K. Published on Mar 13, 2009 It is always the best idea to fill out a will and keep it in a safe place. Many people in America go through life every day without any clue of how much danger they are in financially if they were to pass away suddenly. Intestacy – How Property Is Distributed In A WillPosted by Ken LaMance. Published on Mar 01, 2009 But what happens when a person dies without a will (known as dying "intestate" and the scheme by which property is distributed is known as "intestacy")? How is their property distributed? Ethical Will – Not The Only WayPosted by Graeme Patey. Published on Feb 02, 2009 If you feel strongly enough to commit your values to writing, why not discuss them with your family now? An ethical will is essentially a letter from you to your family that articulates your values and beliefs, relates the life lessons you hope to pass on and spells out your aspirations for your family. In theory, writing an ethical will sounds beneficial and fulfilling-and the fact that more clients are asking about it reflects the growing realization that one's legacy consists of much more than the tangible things we … Will & Trusts Can Protect Your Children's Financial FuturePosted by Andrew Stratton. Published on Jan 21, 2009 As a parent, you want to ensure that your children are taken care of in the case of your passing. Creating a legal Will or trust is an important part of planning your estate. Go to page:
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