In short, yes. Your trust can own your business after you die. However, there are several factors to consider before you put your business in a trust.
BLOG
Categories
How To Prepare For a Deposition as a Plaintiff in an Auto Accident Case
Your deposition is an important part of your case, but also one of the most intimidating parts. Here we offer some recommendations on how to make the deposition go as smoothly as possible.
The 5 Most Important Questions to Ask When Investing in a Vacation Property
Whether you're in the market for a second home or are already a proud owner, understanding the nuances of ownership can help you get the most enjoyment – and value – out of your property. Here are five things to keep in mind.
What an Irrevocable Life Insurance Trust Can Do for You
An irrevocable life insurance trust is created to own and control a life insurance policy while the owner is still alive, and to manage and distribute the benefits that are paid out at death. An irrevocable life insurance trust can help ensure that your assets are distributed according to your wishes.
When Is the Property Owner Liable for an Injury in Ohio?
Property owners are required to keep a safe environment for their visitors. If you are harmed or injured on someone else’s property, the property owner may be liable to you through premises liability. Common examples of these types of accidents are a slip and fall at a restaurant or a postage carrier falling in your driveway. This article will discuss how to determine whether a property owner is liable when a person is injured on their property.
Am I Responsible for My Spouse's Debt When They Die?
Most Americans have some type of debt. The obligation to pay debts does not necessarily go away when a person dies. While most debts are paid by the deceased’s estate (money and property owned by the decedent at their death), you may be responsible for paying off remaining debts. You should discuss questions about your debt payment obligations and rights with an estate administration attorney or probate attorney.
How to Protect Your Elderly Parents from Financial Exploitation
As parents age and their physical and mental capacities diminish, it's natural for their adult children to step in and take care of them. Sometimes, their caregiver crosses a line into financial exploitation. In this article, we'll discuss the signs that your elderly parent is being manipulated by their caretaker, and what you can do about it.
Update Your Estate Plan or Start Over?
There are many reasons why you may want to update your estate plan. If your life, or the law, has changed since you signed your last will and testament or trust agreement, you need to update your document. You can make updates to a revocable living trust by way of an amendment or a complete restatement of the trust agreement. If you have a will, you can make small changes or updates with a codicil. Making too many revisions can make a document confusing. So, when is the best time to completely re-do your estate plan?
The Possible Fate of Meat Loaf's $40 Million Estate
Meat Loaf, born Marvin Lee Aday, passed away in January of 2022 at the age of 74. There is no questioning that this rock and roll icon left a hole in the music industry at his death. And there are still unanswered legal questions about the fate of Meat Loaf’s estate. Here is what we know, and what we don't know, about Meat Loaf's estate plan and legacy.
EverPlans Helps Delaware County Widow Safely Transfer Late Husband's Gun Collection
The point of creating an estate plan is to be able to use it when you pass away and/or become incapacitated. By creating an estate plan, this couple avoided the costly probate process.