What is a power of attorney?
A power of attorney is a legal document that authorizes someone else to act on your behalf in matters that you specify.
A power of attorney is a legal document that authorizes someone else to act on your behalf in matters that you specify.
The reality is that probate assets and non-probate assets are treated differently when you die, and this can have a large effect on how your estate is administered by the personal representative. Read ahead to learn about the distinction between probate and non-probate assets.
There is also a common misconception that trusts are only necessary for or used by the wealthy. The bottom line is that trusts offer many benefits over traditional wills that are useful no matter your net worth. Follow along as we walk through some of the differences between wills and trusts, and the benefits of having a trust.
Domestication merely refers to the process of moving an LLC or corporation from one state to another. Whether you are striving for convenience, seeking lower tax rates, or looking for a more business-friendly environment, it may be greatly advantageous for you to move your business with you to Arizona via the domestication process.
If you are interested in learning more about how Windrose Law Center PLC can help you, we invite you to give us a call to schedule a no cost initial consultation.
We often have small business owners reach out to us to create their estate plan, and one question that is always on their mind is: how do I protect my business after my death? Fortunately, there are a range of options to consider when deciding how to protect your business in your estate plan.
What are the top legal documents you must have to start a new business? Learn the important documents that new and existing business owners need to make sure are in place to protect their business.
What is an operating agreement and do you need one? What happens if you don’t have an operating agreement? What goes in an operating agreement? Answering these questions will help your business create rules for how it’s governed rather than rely upon the government default.
What happens to my children if I die? How do I create a guardian designation? What happens to my money if I die? Does my child receive my money if I die? Who handles my child’s money if I die? Knowing the answers to these important questions will help you to make the right decisions to prepare for the unexpected.
Learn how to protect yourself after a divorce and why updating your estate plan after a divorce is so important.