If you are in the market to buy an established business, you will likely have a range of opportunities in the near future. As the baby boomer generation reaches retirement age, those owning businesses have begun selling them at an increasing rate. According to a new study by Pepperdine University and a pair of trade groups, the number of business sales jumped 56% in the first three months of 2013, when compared to the first three months of 2012. Experts say the increase in the number of … [Read more...] about Retiring Boomers Selling Businesses
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How Your Family Benefits From Your Estate Plan
They know what you want. One of the best benefits of creating an estate plan is sitting down to make choices that you know can benefit your family after you die. The choices you will have to make go far beyond deciding on inheritances, and will also include such topics as making medical decisions and choices about the kind of legacy you want to leave behind. If you don’t make such choices, you can often cause your family significant hardship by forcing them to try to determine what you would … [Read more...] about How Your Family Benefits From Your Estate Plan
Why People Contact Elder Law Attorneys
All too often, people contact an elder law attorney when an emergency has arisen and they need legal assistance. While an elder law attorney can help you in such a situation, an ounce of prevention is worth a pound of cure. If you are approaching retirement age or have an elderly family member, you will want to talk to an elder law attorney before an emergency situation arises. Here are some common scenarios that show why this is a good idea. Your parents lose their ability to make … [Read more...] about Why People Contact Elder Law Attorneys
New York Probate Inventory: 3 Questions
Question 1: What is a probate inventory? When you serve as an executor or personal representative of an estate in New York, it is your job to perform a number of tasks. One of these tasks is to find out exactly what the decedent owned at the time of death and create a comprehensive list, known as an inventory. The inventory lists each individual piece of property, such as real estate, stocks, bank accounts, as well as debts. Question 2: Do I have to include the value? Yes. New York … [Read more...] about New York Probate Inventory: 3 Questions
3 Questions About Living Probate
Question 1. What is the difference between living probate and regular probate? New York courts are responsible for hearing cases that involve a number of different legal issues. Many probate cases involve the property left behind after someone has died, while other cases involve issues about people who are still alive. It’s these cases where someone is still alive but needs the court to intervene that are generally referred to as “living” probate cases. Question 2. What happens in a living … [Read more...] about 3 Questions About Living Probate
