The word probate might be familiar to you, and you may know that you want to avoid it, but you don’t know how or why. You might be wondering if there is a minimum amount of assets that necessitate probate, will having a will help you avoid probate? Probate is a legal process that occurs after someone dies. This process is court overseen. It could include multiple steps, court appearances, and attorneys. The Steps to
Not too long ago, private equity firms had very little power and ability to see substantial growth in a short period of time. Now, these times are changing. Recently high company valuations and other center macroeconomic factors have created a situation where investors need to be highly involved with a company to expect fast growth. It is more complicated than ever before to gain returns from investments. This complication has created an environment where private
If you have received a letter from the Internal Revenue Service (IRS) about a civil audit, you are not alone. You may be feeling overwhelmed and not sure where to start. Understanding the steps you need to take, and the timeline of an audit can help reduce anxiety and help your audit go more smoothly. The Internal Revenue Service (IRS), in the fiscal year 2021, closed 738,959 tax return exams. IF you receive an auditing
A well-written asset purchase agreement can help alleviate the stress of asset transfers. These agreements provide for the sale of a seller’s tangible and intangible assets and liabilities to a buyer in return for cash or other forms of payment. Merger and acquisition transactions are complex, and having an asset purchase agreement can help keep the transaction running smoothly for both the seller and the buyer during this challenging process. Mergers and Acquisitions have substantial
A young adult who has just turned 18 has many things that they are looking forward to and plans that they are making. Many families with young adults don’t think about Powers of Attorney and Health Care Surrogate documents. These items should be in place before young adult heads out into the world. Health Care Directives and Solutions Once a person turns 18, their parents or guardians can no longer access medical records. If there
