What is an emergency bankruptcy filing?

In some cases, those who file for bankruptcy have been considering this opportunity for a long time. They’ve been slowly watching their debt become insurmountable. They may have been looking into all of their legal options and trying to determine what will work the best. But in other cases, filing for bankruptcy is an emergency … Read more

What is a breach of fiduciary duty in estate planning?

While estate planning and thinking about what to do with your assets and estate is not the most pleasant situation, it is nonetheless a necessary one. If you do not make your wishes clear and do not establish parameters for how you want your estate to be handled, others will have no choice but to … Read more

What do Michigan estate planning attorneys do?

Estate planning is an important process for adults in many different situations. People need to name a guardian when they have children and/or better ensure the right person will inherit their business when they die. The paperwork included in an estate plan can communicate somebody’s wishes to the Michigan probate courts and their family members. … Read more

Is Chapter 7 or Chapter 11 bankruptcy the right option for your business?

Businesses may end up struggling financially for many different reasons. Perhaps there has been a sudden surge in material costs when a business had already locked in client prices, forcing the company to take a loss on several large projects. Perhaps there has been a drop in demand, which means that the company’s revenue has … Read more

What does every vendor contract need?

There are several important elements that every vendor contract should include to ensure that all the parties involved understand their obligations. Clarity of language and intent also make the contract more easily enforceable if there’s a problem. Knowing some of the basics that a contract with a vendor should cover can help you better protect your business … Read more

What’s a Buy-Sell Agreement, and Does Your Business Need One?

When you’re in business for yourself, there are a lot of different possibilities you have to consider – including the fact that you or one of your business partners may one day decide to move on to something else, retire or pass away. A buy-sell agreement is one way you can plan ahead for these kinds … Read more

How Chapter 13 bankruptcy helps those worried about foreclosure

Homeowners in the Royal Oak area often pay a premium to live in a prestigious neighborhood with better schools when compared with those in nearby counties. It is common for families to dedicate a significant portion of their household budgets to mortgage payments and other housing-related expenses accordingly. Unfortunately, it usually takes decades to pay … Read more

3 Benefits That Trusts Create for Those Planning Their Estates

Trusts require a bit more consideration and planning to add to an estate plan than a simple will. However, those who commit the time and effort necessary to create trusts often reap valuable benefits. Trusts are useful estate planning tools for people in a broad range of personal and financial situations. The exact benefits you … Read more

What should your business plan include?

It is more common than some people realize for entrepreneurs to start a company without ever writing out a business plan. Such entrepreneurs may consider themselves flexible and claim that they want to adapt their practices to real-time feedback. However, a lack of a business plan can put them at a disadvantage when communicating with … Read more

Common estate planning mistakes people should avoid

Young couples who are building a family together and professionals who are thinking about their security need to put together estate plans. As do retirees, young adults and anyone else who has a vested interest in controlling their legacy instead of handing that power over to the state. Someone’s current family and financial circumstances determine … Read more