Estate planning can be an intimidating process for anyone. Sometimes it feels like the attorneys are speaking a foreign language full of confusing terms and concepts. Seck & Associates is going to present a series of estate planning blogs to break down and provide a brief overview of several common terms, In Part III of our series we explain the many different types of Trusts available.
Seck & Associates is going to present a series of estate planning blogs to break down and provide a brief overview of several common terms, concepts, and types of trusts to help our clients work with us to achieve their goals. In Part II of our series this week we will address the role that wills and trusts play in the estate planning process.
Seck & Associates is going to present a series of estate planning blogs to break down and provide a brief overview of several common terms, concepts, and types of trusts to help our clients work with us to achieve their goals. In Part I of our series this week we will address the common terms and concepts you will hear discussed in your first meeting with your estate planning attorney.
A summary of the implications of the Federal Trade Commission (the “FTC”) proposed rule that would broadly ban noncompetition agreements (“noncompetes”) between employers and a broad class of “workers.”
Monumental occasions such as your child turning 18, or graduating from high school, bring on a range of emotions from nostalgia to excitement as to what comes next for your young adult. These times are also a reminder that your child is not only changing in your eyes, but also in the eyes of the law. As your child reaches adulthood, they gain a level of autonomy from their parents that they previously didn’t have. While this is a natural step in any young adult’s life, it can bring on some unexpected, and depending on how this arises, traumatizing situations for parents and their children if they aren’t properly prepared in advance.
A successor corporation is a new business that arises out of a prior existing one. It is important to keep in mind that taking over another business can leave the new business open to liabilities. It may be in your best interests to work with a business lawyer if you wish to create a successor corporation.
Have you ever caught yourself saying “I’ll get around to it,” or “Someday I’ll get that done” regarding items on life’s “to-do list”? For over 75% of the U.S. population, completing their estate plans is often put off. The drawback to postponing this particular “to-do” item is that “someday” becomes the day when an unforeseen event or crisis happens.
This week, the Federal Trade Comission announced a new ruling banning noncompete agreements between employers and employees. In today’s blog, we look at the ruling and what it might mean for your business.