When creating a last will and testament, one of your most important considerations is who to choose to serve as the executor or administrator of your estate. As the name implies, the role
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As poet Robert Burns mused centuries ago, the best-laid plans of mice and men often go awry. Despite your best efforts and thoughtful strategies, you cannot prepare for every emergency in life. A
Under the Corporate Transparency Act (CTA), which took effect January 1, 2024, many business entities including small limited liability companies (LLCs) and partnerships are required to file reports with the Treasury Department’s Financial
Being named as a successor trustee in someone’s revocable living trust document can be considered a great honor. But with that honor comes responsibility. Whether you were appointed to this role due to
When establishing a trust, you must give serious thought to who you choose as your successor trustee—the person who will manage, invest, and hand out the trust’s accounts and property once you are
Occasionally, individuals may hesitate to serve on the board of a nonprofit because they are afraid that they may incur liability based on decisions they make as directors. However, Virginia promotes nonprofit board
While it may seem contradictory, a non-profit can own all of the ownership interest in a for-profit entity, whether such entity is a corporation or limited liability company. Why Create a For-Profit Subsidiary?
Many important issues are litigated during a divorce proceeding, such as the division of marital assets and deciding who receives custody of the children. Other significant issues settled during a divorce relate to
Comprehensive estate planning involves more than just planning for your legacy after your death, by avoiding probate, and reducing taxes. Good estate planning also appoints people to make legal, financial, and medical decisions
As a business executive, you are used to strategizing and creating goals as part of your job. But have you devoted time to strategizing and creating goals to protect yourself and your loved
