When starting a business one important issue to consider is how to pass the ownership of the business on to your heirs (spouse children, or others). One such way is to have a trust centered estate plan along with a corporation. You should seek the sound legal advice of an attorney experienced in starting a business and estate planning.Read More →
Wills and Trusts: Protecting your child’s inheritance. At Purple Law Firm in Chattanooga, Tennessee, our attorneys often encounter clients who have a child who is not in a good position to inherit money or property without “blowing” it. Sometimes the child is involved in drugs, criminal activity, or just not responsible with financial matters. Other times the client is concerned about an issue with their child’s spouse, or what would happen to the inheritance in the event of a divorce. [weaver_show_if_mobile] Connect: (423) 899-0131| Email | Locate[/weaver_show_if_mobile] What instrument (legal document) offers the best solution to such a problem? Is it a Last Will andRead More →
Legal Documents and Contracts Without a Lawyer – Proceed with Caution In this information age, the internet is the first place many people go to get news, information, find a store, product, or service, including legal services. Today, many people are even searching for and finding do-it-yourself legal forms. The internet is a valuable resource, but there are limitations to what should be utilized. Legal documents and contracts are complicated and ought to be drafted and reviewed by a lawyer. However, many people are taking the risk and using internet forms to fix their own legal problems without professional help. Should you? Do it yourselfRead More →
Wills and Trusts, Which Estate Plan to Choose A “will” or Last Will and Testament, is a legal document familiar to most people. However, what many people do not know is that a will primarily provides the probate court with your directions. Although, the law has requirements regarding the enforcement of provisions in a Last Will and Testament, there are instances when a will can be modified by the court, excepted from or set aside. And yes, in almost all situations a will must be formally probated, which means filed with the probate court and the distribution of estate property is then supervised by theRead More →
A Living Will Declaration is an advanced directive to your medical service providers as to your decisions regarding artificial life support. The provisions included in a living will, give clear and convincing evidence of your desires in the event that you are unable to communicate with your health care providers. Read More →