This month’s Business Bytes highlights POD/TOD accounts, using Facebook posts as evidence, and family business lawsuits.
Payable on Death. Like designating the beneficiary in your life insurance policy, more states and investment vehicles allow owners to use pay on death (POD) or transfer on death (TOD) provisions to avoid probate and transfer real and personal assets to the designated party on death. POD and TOD accounts should only be used in conjunction with your overall estate plan, reviewed periodically, and with appropriate counsel. READ MORE.
Facebook Evidence. As recent news articles have shown, Facebook and other social media posts, comments, and even frequenting websites are discoverable by numerous sources. The courts are no exception and Facebook and other posts are frequently used as evidence. Be wary of what you post. READ MORE.
Family Business Lawsuits. When disputes arise in a family owned or operated business, don’t be too quick to hit the lawsuit button and don’t let a personal issue be the last straw before filing suit. To preserve the business and the family, work with an experienced attorney who is a counselor and not just a litigator. READ MORE.
