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It is a common misconception that prenuptial agreements are only for the rich and famous. The truth is, a prenup can benefit couples in a number of situations, even for us common folk.

A sole proprietorship is a business operated by one individual (or a couple). The business is considered an extension of the individual (or couple), not a separate entity. The business profits and losses are included on the individual's personal tax return, and the individual retains personal liability for the business debts and lawsuits.

Estate planning is even more important for LGBT+ individuals, yet it is often overlooked until it is too late. In reflection of Pride Month, let’s discuss the necessity of estate planning for LGBT+ individuals and couples.

If your loved one died without a Will, transferring his or her assets to beneficiaries can be quite difficult. If no action is taken, assets will not be properly transferred and the beneficiaries will have to take some legal action down the road to straighten out the situation. In some cases, a costly determination of heirship proceeding and dependent administration of the estate may be required.

A revocable trust is one that can be completely or partially revoked either during the lifetime of the person creating the trust or afterward. An irrevocable trust means just that: it cannot be revoked.

There are at least six really good reasons for you to have a living trust in your estate planning package.

In this series of blogs, I have outlined various different types of probates and probate alternatives to help you settle an estate and understand the potential costs. A dependent administration is significantly more expensive than any other type of probate. Wise estate planning could avoid this high cost.

The price you pay for this advice before signing a contract can easily save you many thousands of dollars and lots of headaches and trouble in the future. A review of a standard residential purchase contract generally would not be more than a few hundred dollars. More complicated contracts, of course, would cost more to review or draft, but the cost would still be far less than any negotiation or litigation later to address problems that arise.

Entering into a legal contract to lease property can be overwhelming, and you may be uncertain about what you are committing yourself to. Whether you are looking to sign a residential or commercial lease, having an attorney assist you can be helpful and will ease your concerns.

A corporation is a separate legal entity from its owners. A corporation can be owned by one person or many people. The corporation is formed under the laws of the state in which it is operating, with Articles of Incorporation or Certificate of Formation.