All established businesses, organisations, corporations, and institutions strive to live a life that can withstand the test of time, meaning that when one key figure leaves, another person should be ready to take up the mantle and run the show. That’s why succession planning is crucial, even for start-ups, since it’s responsible for securing your…
A Power of Attorney (POA) is a responsibility and authority you hand over to another party to act on your behalf to make personal or financial decisions concerning your assets or estate. This involves situations about your health care, financial agreements, and other needs. Essentially, it’s a legal document that certifies the party you choose…
Nothing is more disheartening than filing for bankruptcy. Upon confirmation, the bankrupt’s property vests in the trustee. If claiming bankruptcy within a marriage, the non-bankrupt spouse can protect the legal and equitable interests of the bankrupt trustee through family law. How to Begin a Property Proceeding Should a trustee become bankrupt, they can…
There are many types of binding financial agreements or BFAs available to parties, allowing those involved to protect their resources in various scenarios. However, most people aren’t aware of what happens to a BFA if one party dies, along with the circumstances in which they can set aside an agreement. BFAs are crucial for enabling…
