Obtaining insurance, enrolling in retirement programs or setting up an IRA, usually require you to designate a beneficiary or contingent beneficiary, the person or persons entitled to inherit the asset on your death. Due to the surrounding circumstances this decision...
Like death and taxes, a third truth is that eventually you will become unable or unwilling to operate your business. Your failure to plan for this eventuality could leave your family, estate and business at risk. A business succession plan is merely writing down your...
The terms used to describe statutory and operational positions in businesses often cause confusion and raise issues regarding corporate governance. Before operating your business, joining a board of directors, or serving as an officer, you should have a fundamental...
With pension reform and financial issues taking up most of their time, Springfield legislators spent less time enacting new laws that effect business. Some of the new laws taking effect include: Conceal Carry. While a sign has been approved for businesses to post...
Recent case reports show that the law is catching up with our use of electronic communications and social media. These rulings generally favor making all such communications available for use in litigation and limiting user privacy protections, and reveal that user...
One of your worries as a parent is what will happen to your children if you cannot care for them. While the common law has the answer if you fail to plan or make your wishes known, custodial care and judicial appointment of a guardian for your children and your...
A legal cottage industry developed as a result of numerous federal and state statutes and regulations regarding telephone, fax, e-mail and other uninvited solicitations to businesses and residences for various products and services. The Seventh Circuit United States...
A friend or relative makes a bequest to a disabled person in their will, hoping to make his life easier, but without proper legal advice that gift may have to be rejected by the recipient to avoid financial loss. A simple modification of the donor’s will could...
One of the major reasons to incorporate your business is to provide your family with the benefit of limited liability; that is, debts of your business do not become your debts or those of your family. But, even if your business is properly incorporated, your failure...
When opening an account, acquiring property, purchasing life insurance or even buying a house, little thought is often given to the method of holding title. Usually it first comes up when the signature card or title papers are presented. Then, with little...
