If you have a loved one who is unable to care for themselves, a guardianship may be an effective means of ensuring their needs are taken care of. However, there are benefits and costs to having a legal guardian assigned to a loved one, which can have a substantial effect on both your life and the life of your loved one. Here are the pros and cons of a guardianship:
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It has become increasingly common in recent years for people to structure their businesses as limited liability companies, also known as LLCs. These types of companies can be good for some businesses, but they are not necessarily the best for everyone. Here are some of the pros and cons of organizing your business as an LLC:
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If you are looking to buy a new home, it is very likely one of the biggest financial transactions you will ever make. However, given that current market conditions are very favorable to sellers, not all buyers are choosing to exercise their right to perform a home inspection before they decide to buy, either because of cost concerns or as a tactic to make a bid look more attractive than offers by other potential buyers. If you are not careful, however, a failure to perform a home inspection could result in serious legal and financial problems later on.
The decision to seek guardianship or conservatorship for a loved one is always difficult, but it can be essential to ensuring their well-being. However, not everyone recognizes when it is time to seek a guardianship or when it is appropriate, so it is important to understand the circumstances that can lead to someone needing a guardian. Here are five major reasons you should seek guardianship for your loved one:
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When people hear about Chapter 13 bankruptcy (also known as a wage earner’s plan), they are afraid of approaching it as an option because they fear they might lose their home or their personal property. However, much of this fear is based on a misunderstanding of what Chapter 13 bankruptcy is. Here are five things you should know about Chapter 13 bankruptcy and what it can do for you:
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Creating your estate plan is an essential part of preparing for your retirement and your end-of-life plans, but many people do not even know where to start. Ensuring you have what you need for your estate plan will help to protect you and your loved ones from the legal and financial complications that can arise as you grow older, and after you pass away. Here are five things you should consider for your estate plan:
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Ideally, you should always be able to trust a guardian to look after their ward and always put their best interests first. Unfortunately, that is not always the case, and you may need to challenge a guardianship for the good of the ward’s well-being. Here are five things you should know if you are thinking about challenging a guardianship:
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An often underestimated, but potentially dangerous, threat to any business is the risk of a conflict of interest among its executives or directors. If left unaddressed, a conflict of interest can result in a conflicted director or executive reaping potentially substantial profits at the expense of the business as a whole. But what exactly is a conflict of interest, and how do you avoid the potential problems that can be caused by a conflict of interest?
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No matter how healthy you are, there is always the risk that you will become incapacitated and unable to make healthcare decisions on your own. However, this is especially a concern for the elderly, and those with long-term health problems that may worsen at any time. That is why, if you are putting an estate plan together, you should seriously consider creating a healthcare proxy so that your wishes are honored if these situations arise.
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For many business owners, the concerns about how to handle day-to-day business are more than enough trouble. However, with business dealings come plenty of potential legal issues, especially when it comes to business contracts. If you do not have a lawyer review or draft your contracts before you sign them, it could cost you a lot of time, stress, and money. Here are just a few reasons why you should make sure a lawyer has gone over your business contracts:
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