Kentucky Estate Planning And Administration Law Blog
3 reasons to change your company’s legal structure
Those who start businesses often spend quite a bit of time planning. They create a business plan outlining how they intend to operate the company. They look for funding. They file official paperwork starting the business. The type of business entity that an...
Avoiding delays during probate
Probate is the legal process that empowers the courts to oversee estate administration in the wake of an individual’s death. While probate does help to ensure that the deceased's wishes are honored and their debts are settled, it can be a frustrating and...
Is your small business owed significant payment?
If you are a small business owner, you understand how challenging it is to remain operational without dipping into the red. When a client or customer fails to pay on time or at all, it can inspire significant financial stress and disrupt your operations. Even if you...
What are the warning signs of a minority shareholder freeze out?
Shareholders who invest in a company have certain rights. They attend regular meetings where they receive non-public information about the company. They can sometimes vote to help guide the future of the organization. They also have a right to receive a share of...
What happens if you do not have a valid will?
A will is a legal document that is key to your estate plan. This document outlines your last wishes, including instructions for asset distribution. With a will, you can name beneficiaries who can benefit from your passing and an executor of the estate who is...
Key areas in a business partnership agreement
You have decided that you want to work with a business partner, as you think it will make your business much stronger. But you’re also concerned that it’s going to lead to disputes or conflicts. You won’t have full control over everything, so this is a possibility....
3 tools you can utilize in your estate plan
Ensuring that your assets go to the right people upon your death involves estate planning. Not only that, but you can use estate planning to take care of your healthcare needs, financial needs as well as the upbringing of your children should you become...
3 times people may want to add trusts to an estate plan
Many basic estate planning goals only require a will. An individual's will can name a guardian to care for their children. It can also provide clear instructions about the distribution of their property after they die. For many people, a will is all they really...
How can estate executors minimize the risk of probate disputes?
Probate is the legal process of settling a deceased individual's estate and can be a source of tension among beneficiaries. Often, the person caught up in estate disputes or will contests is the estate executor, who is only trying to fulfill their duties. Minimizing...
What should you do if clients ignore collection calls?
Some businesses have to invoice clients for the services they provide. They count on these clients to pay the invoice so the business has an income and a steady flow of cash. When the client doesn’t pay, it can put the company in a financial bind. One of the first...