The main difference between a trust and a will is that a will disposes of your property while a trust manages your property. A will does not take effect until ...
Probate is a legal process that takes place after a person passes away. Probate involves validating a decedent’s will, or administering a decedent's estate under the laws of intestacy, collecting, ...
Like a C corporation, an S Corporation, often known as a subchapter S corporation is a separate business entity from the S corporation's owners for both legal and tax purposes. ...
A limited liability company, often referred to as just an LLC is a hybrid business entity created by state law which allows the owners of the LLC (who are called ...
The estate planning process begins before you walk into an attorney’s office. Estate planning begins with a careful analysis and assessment of your estate planning goals and objectives. Estate planning ...
A Corporation is a legal entity separate and apart from its owners that is created to do business and owned by shareholders. The shareholders of the Corporation elect a ...
A partnership is a form of business organization where two or more people agree to share in the profits and losses of a single business. The partnership must register with ...
The sole proprietorship is is the most common and simplest form of business organization, and therefore the most popular. A sole proprietorship is a business run by one individual that ...
Your company's decision as to what type of business entity your company should operate as involves a careful look at the type of business you wish to create as well ...
Certain types of assets, such as life insurance policies, retirement accounts and certain annuities allow the owner to designate one or more beneficiaries to inherit those accounts at death. Assets ...