By Brian Figeroux, Esq. | Editorial credit: Vitalii Vodolazskyi / shutterstock.com Estate planning is the process of arranging how your assets, wealth, and personal wishes will be managed, transferred, or distributed after your death. In New York State (NYS), as in many other jurisdictions, proper estate planning ensures that your loved ones are protected, your […]
By Brian Figeroux, Esq. | Editorial Credit: Zhanna Hapanovich / shutterstock.com To maintain the protection of limited liability, LLC members must follow certain best practices, including keeping personal and business finances separate, maintaining adequate capitalization, operating ethically and lawfully, and avoiding personal guarantees. The Limited Liability Company (LLC) is one of the most popular business […]
By Brian Figeroux, Esq. | Editorial Credit: Southworks/shutterstock.com Key Points of this Analysis Succession Planning: Users emphasize the importance of having a clear succession plan to ensure the business continues smoothly after the owner’s death. Valuation and Division: Estate planning professionals discuss methods for valuing and dividing business interests, particularly when some heirs are involved […]
By Brian Figeroux, Esq. | Editorial Credit: Prostock-studio / shutterstock.com Divorce proceedings can be emotionally charged and complex, even in seemingly straightforward cases like short-term marriages without children. When individuals pass away without having finalized a divorce, especially in cases where the marriage lasted less than three years, the implications on their estate can be significant. […]
