Part of your estate plan involves leaving the family business to your child. This is known as a succession plan. It’s very important to you because of the high value of the asset, the way you can provide a long-term career for your child and all you have put into it over the years. Moreover, you care about the business
When you get divorced, you know well that marital assets must be split. There are plenty of things that you and your spouse shared, such as homes, cars, furnishings and basic income. These are going to get divided between the two of you. That said, there are also plenty of things that you consider your own. Gifts tend to fall
Many individuals have begun sinking funds into cryptocurrencies in recent years. Their reason for doing so is two-pronged. Cryptocurrencies are relatively anonymous, and thus continue to be largely unregulated. They also are a new investment option and quite attractive to individuals looking to buy-in low. As for downsides to cryptocurrencies? They’re hard to track down if you have a spouse
Earlier this year, we discussed the steps you should take as a landlord to deal with your tenants to avoid exposing yourself to legal liability. We noted that landlords must provide their tenants with written notice of their plans to terminate a contract. You may be wondering what steps you need to take if you plan to sell your rental to
Sexual harassment claims are something most everyone would prefer to avoid. No one wants to get accused of wrongdoing, but many people also don’t want to speak up and report it after they experience it. Those within a company don’t want to worry about the discord between employees and the possible expense involved. Still, sexual harassment can happen in any
The idea behind a family business often involves passing it on to the next generation. The founder never intended it to be something that just benefited them personally, but hoped to give it to their heirs both so that they could keep growing the business and so that they would have a stable income. Unfortunately, the statistics show that this does not
When a divorcing couple has a lot of valuable assets — particularly collections, works of art, intellectual property and the like — the property division process can get very complicated. There are times when it’s necessary to bring in outside professionals to help, like an appraiser. They can aid you and your ex in reaching an agreement about the value of your
Heirlooms often have little more than sentimental value. However, in high-asset divorces, family heirlooms can become a point of contention. Art, guns, jewelry, antique furniture, and other items are meant to be passed down for generations, but those items may be subject to division as part of your marital property under certain circumstances. To avoid precious family heirlooms from being
If you go to work and see uncomfortable images, you may feel out of place. For example, if you’re female and go into your manager’s office, you may not be comfortable with seeing a nude poster or calendar. It’s okay to feel that way, and in some cases, you may actually have a sexual harassment claim if you bring up
Your spouse’s career has flourished over the years and their income has steadily grown as they reached the top levels of their company. You know that it consists of more than just a salary. You may have heard them talk about bonuses, stock options and commissions. However, you never paid much attention until you started preparing for divorce. Now you
Part of your estate plan involves leaving the family business to your child. This is known as a succession plan. It’s very important to you because of the high value of the asset, the way you can provide a long-term career for your child and all you have put into it over the years. Moreover, you care about the business
When you get divorced, you know well that marital assets must be split. There are plenty of things that you and your spouse shared, such as homes, cars, furnishings and basic income. These are going to get divided between the two of you. That said, there are also plenty of things that you consider your own. Gifts tend to fall
Many individuals have begun sinking funds into cryptocurrencies in recent years. Their reason for doing so is two-pronged. Cryptocurrencies are relatively anonymous, and thus continue to be largely unregulated. They also are a new investment option and quite attractive to individuals looking to buy-in low. As for downsides to cryptocurrencies? They’re hard to track down if you have a spouse
Earlier this year, we discussed the steps you should take as a landlord to deal with your tenants to avoid exposing yourself to legal liability. We noted that landlords must provide their tenants with written notice of their plans to terminate a contract. You may be wondering what steps you need to take if you plan to sell your rental to
Sexual harassment claims are something most everyone would prefer to avoid. No one wants to get accused of wrongdoing, but many people also don’t want to speak up and report it after they experience it. Those within a company don’t want to worry about the discord between employees and the possible expense involved. Still, sexual harassment can happen in any
The idea behind a family business often involves passing it on to the next generation. The founder never intended it to be something that just benefited them personally, but hoped to give it to their heirs both so that they could keep growing the business and so that they would have a stable income. Unfortunately, the statistics show that this does not
When a divorcing couple has a lot of valuable assets — particularly collections, works of art, intellectual property and the like — the property division process can get very complicated. There are times when it’s necessary to bring in outside professionals to help, like an appraiser. They can aid you and your ex in reaching an agreement about the value of your
Heirlooms often have little more than sentimental value. However, in high-asset divorces, family heirlooms can become a point of contention. Art, guns, jewelry, antique furniture, and other items are meant to be passed down for generations, but those items may be subject to division as part of your marital property under certain circumstances. To avoid precious family heirlooms from being
If you go to work and see uncomfortable images, you may feel out of place. For example, if you’re female and go into your manager’s office, you may not be comfortable with seeing a nude poster or calendar. It’s okay to feel that way, and in some cases, you may actually have a sexual harassment claim if you bring up
Your spouse’s career has flourished over the years and their income has steadily grown as they reached the top levels of their company. You know that it consists of more than just a salary. You may have heard them talk about bonuses, stock options and commissions. However, you never paid much attention until you started preparing for divorce. Now you
