Executors are the individuals responsible for dealing with the probate court, paying outstanding debts, collecting assets, and distributing the estate to beneficiaries after someone has passed away. After being appointed, the executor has a legal duty to follow the deceased’s instructions in the will and fulfill their responsibilities in an appropriate manner. Unfortunately, some executors […]
When you are planning to enter a business partnership with another individual, you should draft a partnership agreement before anything else. This will help to be proactive and decrease business disputes down the road. Likewise, a business must also plan for what is sometimes referred to as a business divorce. In situations where a business […]
Hiring a financial advisor is something you should put a lot of thought into. An advisor can be extremely helpful if you are not sure how to manage your money or when you are planning to reach financial goals. However, if your advisor is not truly looking out for your best interests or is engaging […]
To protect your assets in the event of a medical emergency or death, you should create an estate plan stating what will happen to your property. This plan will ensure that your assets are cared for and properly distributed in the event of a tragedy. There are a few things you must do to […]
If your loved one is no longer able to make appropriate decisions or care for themself, it may be time for you to consider seeking guardianship. Approval and selection of an adult guardian is a process that the courts take seriously since it involves stripping an individual of many rights. Courts want to ensure that […]
Not all disputes between business partners or even family members can be resolved on their own. Sometimes it takes additional help from someone who is looking at both sides from an outsider’s perspective. Most people believe that if they cannot resolve issues by themselves, that the next step is to take the dispute to the […]
If you are caring for an elderly parent or a child with disabilities, you may need to obtain legal authority to make decisions on their behalf. Taking on this responsibility requires that you be appointed guardian and/or conservator by a court. Here are the differences between the roles: Guardianship Requesting guardianship of an elderly or […]
If you find yourself in any kind of business or estate dispute and you cannot resolve the dispute outside of court with the parties involved, you will likely have to go to trial. During the trial, you will present your evidence and hope that it is strong enough to convince the judge or jury to […]
After a loved one passes away, those coping with grief may exhibit selfish or malicious behavior regarding the distribution of the deceased’s assets. Greedy or overbearing beneficiaries can create challenges for executors trying to abide by the deceased’s wishes. If you have recently been appointed as the executor, here are some things you should know […]
When you’re updating or creating important documents like wills, trusts, business agreements, and power of attorney documents as circumstances change, you’ll want to ensure that the documents will be valid in court if your dispute cannot be resolved outside of the courtroom. One way to do this is to have your documents notarized at the […]
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Gaslowitz Frankel LLC
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