by Jeff Barnett | Apr 16, 2018 | Trusts, Wills & Estate Planning
If you are ever appointed a trustee, you will have a fiduciary duty to act on behalf of the beneficiaries. If you breach that duty, you may find yourself in court. Being a trustee is not an easy job. Trustees must follow the terms of the trust and are accountable to...
by Jeff Barnett | Mar 8, 2018 | Business and Corporate
Business Entity Formation Business entities can take many different forms – sole proprietorships, partnerships, limited liability companies (LLC), and corporations are the most common ones. Although they are simple and have the most flexibility and least...
by Jeff Barnett | Jan 22, 2018 | Trusts, Wills & Estate Planning
Consider this dilemma faced by a high-net worth individual: He doesn’t want his heirs to be burdened with estate taxes so he takes out a life insurance policy to cover the tax bill. But then the proceeds of the insurance policy wind up as part of his estate —...
by Jeff Barnett | Dec 9, 2017 | Trusts, Wills & Estate Planning
When developing an estate plan, a revocable trust can provide benefits that, in some cases, significantly outweigh the cost of setting one up. A revocable trust offers great flexibility, can save money by avoiding probate, provides privacy about your finances and it...
by Jeff Barnett | Nov 13, 2017 | Business and Corporate
Choosing the appropriate legal form for a business is one of the first issues most entrepreneurs face. It is an important decision at the formation stage and also as a business grows. Sole proprietorships are generally the easiest. Corporations offer some different...
