When people hear the word bankruptcy, they all too often immediately start to imagine losing everything they own and living in poverty. Bankruptcy, after all, means that you have reached a point where your debt overwhelms you and your income can no longer offset your financial obligations adequately.
People decide to revise their estate plan for an array of reasons, whether their financial circumstances have changed due to a personal injury settlement, a new job or the loss of their job, among many other issues. Moreover, divorce, the birth of a child or grandchild and changes with respect to the health and well-being of family members can also necessitate estate plan revision. However, some people may be unsure of which revisions are necessary and how these changes could affect those they love, which is why communication with family members can be very beneficial.
Finding people to invest in your company can make a considerable difference in how accessible important qualities of success become for your organization. Investors can bring powerful support to your business and contribute knowledge, experience and stability in helping you establish your initiative. At Dunlap & Seeger, we have been able to successfully help business owners in Minnesota to protect what is most important to them.
Many people in Minnesota might have heard others talk about creating a trust instead of a will when making an estate plan but they might not really understand what a trust is or how it works. The fact of the matter is that a trust may be even used in conjunction with a will but the trust has some very specific uses and benefits.
A common question we receive here at Dunlap & Seeger PA is exactly how long does it take to probate an estate. If you share the same question, you might not like hearing the answer we give that every estate case is different, and thus placing a standard expectation on how long probate might take is difficult. Yet before you begin worrying about the length of time it might take to complete the probate process, a better question might be whether the estate you are party to needs to be probated at all.
When it comes to both estate planning and divorce, there are a plethora of legal issues to consider and many ways in which you may be impacted. In this post, we will examine some of the different factors that you may need to take into consideration if you are in the middle of ending your marriage and you have a revocable trust. Although the divorce process can be very overwhelming at times, you should not neglect other important responsibilities that may arise as a result of this major life event, such as taking a look at your estate plan.
Severance pay, also known as a severance agreement or severance package, is compensation you receive upon termination of your employment.