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Estate planning is essential for ensuring your assets are distributed according to your wishes. However, many people make common mistakes that can create challenges for their loved ones. Here are a few pitfalls to avoid. Overlooking the importance of a comprehensive...
Divorce later in life, often called a "gray divorce," brings unique challenges. You must address legal and financial issues quickly to ensure your future remains secure. Here is what to focus on post-divorce. Revise your estate plan Begin by updating your estate plan....
Divorce can be complex, especially when it involves dividing retirement assets. For those going through a "gray divorce," or a divorce occurring later in life, understanding a Qualified Domestic Relations Order (QDRO) is crucial. This court order plays a vital role in...
Divorce rates among older adults are rising. The Pew Research Center notes that for couples over fifty, the divorce rate has doubled in the past 25 years. This trend, known as "gray divorce," can significantly affect your estate plan. It is crucial to understand how...
The stay regarding filing the beneficial ownership information (“BOI”) was lifted 12/23/2024. As such, the BOI requirements are back on track and businesses established prior to 2024 must file by January 13, 2025. Certain filings were extended for 6 months related...
An attorney practicing with the health care law group at Hunter, Smith & Davis, Sydney focuses her practice on the defense of suits filed against hospitals, physicians and long-term health care facilities. Because of her research and writing skills, Sydney is...
Succession planning helps you ensure the longevity of your business by putting it in the right hands. For instance, you could pass leadership to a younger partner or a family member. A well-executed succession plan can avoid disruptions and preserve the value of the...
“Gray divorce” – divorces involving adults over 50 – are much more common than they were in past generations. However, couples who divorce after many years together face unique financial concerns that can impact their retirement plans and financial stability. What...
In the business world, disputes are an inevitable reality. Whether you have a start-up or a well-established corporation, understanding the most common disputes can help you be proactive in your business dealings and work to minimize the possibility of disputes or...
Creating an estate plan is crucial to avoid the lengthy and costly probate process. Without a proper plan, your estate will go through probate, causing stress and delays for your loved ones. Here is how to prevent that. What is probate? Probate is a court-supervised...