Freqently Asked Questions

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All Estate Planning FAQs

Estate Planning

Probate and Trust Administration

Probate and Trust Disputes

All Business FAQs

Business Disputes

Family-Owned Businesses

Outsourced General Counsel

 

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Estate Planning

If I have a will, will my family need to do a probate proceeding in court?

If I have a living trust, will my family need to do a probate proceeding in court?

Why has my attorney not recommended a trust to me?

Will my money be tied up if I use a living trust?

If my assets are owned jointly with my spouse, do I still need a will or trust?

Is life insurance on my life taxable to my beneficiaries upon my death?

Are my IRA and 401k proceeds taxable to my beneficiaries upon my death?

Are there taxes on gifts that I make to my children? Do I get a deduction on my income tax return for gifts I make to my children?

Is there any way to make administration of my estate easier on my family when I die?

How is my business affected by my death?

How do I protect myself in the event that I become incapacitated?

Can my IRA be deferred after my death?

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Probate and Trust Administration

Probate and Trust Administration

Is having a living trust expensive to create and maintain?

Who should I appoint to handle my estate?

Does the administration of an estate tie everything up for years?

What types of taxes will be due from my estate?

Will my family be able to get distributions from the estate or from the trust to live on?

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Prob

Probate and Trust Disputes

Can a will be challenged in court? What are the reasons a will can be challenged?

Can gifts made by the deceased be challenged by other beneficiaries of my estate after my death?

If my sibling is in charge of the estate and won’t give me information on the estate, do I have any options?

What if the will or trust is ambiguous, or if there are provisions lacking?

How do I find a good attorney to represent me in a probate or trust dispute?

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All Business FAQs

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Business Disputes

If I own 50% of the business, do I have the same power as my partner who owns the other half?

What if my business partner and I can’t agree on anything?

If my business partner and I can’t get along, can I take my portion and start my own business, or go work for the competition?

Do I have any control in the business if I own a minority interest in the business?

Do I have a right to receive a distribution of the profits in the business each year?

My partner has a larger salary and benefits than I–what can I do about it?

My partner does nothing but still gets a salary–how do I stop his salary?

I retired from the business; does the business immediately have to make a distribution to me for my interest in the business?

If I retire from the business, but am still a shareholder, what are my rights?

If a majority shareholder increases their compensation, do I have the right to increase my compensation as a minority shareholder?

The majority shareholder just sold his shares–do I have the right to get the same price for my shares and can I force that buyer to buy out my shares?

If I am a shareholder, do I have to be included in management meetings?

Will the shareholder or operating agreement solve all business problems?

How do I get access to company records if my partner won’t let me?

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Family Business Top

Family Owned Businesses/ Privately Held Companies

How do I keep the peace at home when there’s issues at the office of my family-owned business?

Who’s in charge of the business, as opposed to who is in charge at home?

How can I structure my business to create boundaries between family members’ duties at work versus those at home?

Do I need an organizational chart for my family business?

How do I fire my child?

What happens if my family can’t get along at the office?

What if one child wants to take the business in a different direction than the parents?

Who will succeed me as CEO of the business if I can no longer act or die? How do I make a succession plan?

How do I transition the business to the next generation?

What do I do when the next generation splits into various factions?

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Top

Outsourced General Counsel Program

Why do I need an Outsourced General Counsel? What should a General Counsel do?

Is the Outsourced General Counsel part of the business management team?

How does a General Counsel help ensure the company is in compliance with regulations?

Can an Outsourced General Counsel help manage the company’s Human Resources function?

Do we have a template library? Or do we need an Outsourced General Counsel to help?

Is an Outsourced General cost-effective?

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Estate Planning

If I have a will, will my family need to do a probate proceeding in court?

If I have a will, will my family need to do a probate proceeding in court?

Back to Estate Planning
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If I have a living trust, will my family need to do a probate proceeding in court?

If I have a living trust, will my family need to do a probate proceeding in court?

Back to Estate Planning
Back to Top
Why has my attorney not recommended a trust to me?

Why has my attorney not recommended a trust to me?

Back to Estate Planning
Back to Top
Will my money be tied up if I use a living trust?

Will my money be tied up if I use a living trust?

Back to Estate Planning
Back to Top
If my assets are owned jointly with my spouse, do I still need a will or trust?

If my assets are owned jointly with my spouse, do I still need a will or trust?

Back to Estate Planning
Back to Top
Is life insurance on my life taxable to my beneficiaries upon my death?

Is life insurance on my life taxable to my beneficiaries upon my death?

Back to Estate Planning
Back to Top
Are my IRA and 401k proceeds taxable to my beneficiaries upon my death?

Are my IRA and 401k proceeds taxable to my beneficiaries upon my death?

Back to Estate Planning
Back to Top
Are there taxes on gifts that I make to my children? Do I get a deduction on my income tax return for gifts I make to my children?

Are there taxes on gifts that I make to my children? Do I get a deduction on my income tax return for gifts I make to my children?

Back to Estate Planning
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Is there any way to make administration of my estate easier on my family when I die?

Is there any way to make administration of my estate easier on my family when I die?

Back to Estate Planning
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How is my business affected by my death?

How is my business affected by my death?

Back to Estate Planning
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How do I protect myself in the event that I become incapacitated?

How do I protect myself in the event that I become incapacitated?

Back to Estate Planning
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Can my IRA be deferred after my death?

Can my IRA be deferred after my death?

Back to Estate Planning
Back to Top

 

Probate and Trust Administration

Is having a living trust expensive to create and maintain?

Is having a living trust expensive to create and maintain?

Back to Trust Administration
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Who should I appoint to handle my estate?

Who should I appoint to handle my estate?

Back to Trust Administration
Back to Top
Does the administration of an estate tie everything up for years?

Does the administration of an estate tie everything up for years?

Back to Trust Administration
Back to Top
What types of taxes will be due from my estate?

What types of taxes will be due from my estate?

Back to Trust Administration
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Will my family be able to get distributions from the estate or from the trust to live on?

Will my family be able to get distributions from the estate or from the trust to live on?

Back to Trust Administration
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Probate and Trust Disputes

Can a will be challenged in court? What are the reasons a will can be challenged?

Can a will be challenged in court? What are the reasons a will can be challenged?

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Can gifts made by the deceased be challenged by other beneficiaries of my estate after my death?

Can gifts made by the deceased be challenged by other beneficiaries of my estate after my death?

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If my sibling is in charge of the estate and won’t give me information on the estate, do I have any options?

If my sibling is in charge of the estate and won’t give me information on the estate, do I have any options?

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What if the will or trust is ambiguous, or if there are provisions lacking?

What if the will or trust is ambiguous, or if there are provisions lacking?

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How do I find a good attorney to represent me in a probate or trust dispute?

How do I find a good attorney to represent me in a probate or trust dispute?

Back to Probate and Trust Disputes
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Business Disputes

If I own 50% of the business, d I have the same power as my partner who owns the other half?

If I own 50% of the business, do I have the same power as my partner who owns the other half?

Back to Business Disputes
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What if my business partner and I can’t agree on anything?

What if my business partner and I can’t agree on anything?

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If my business partner and I can’t get along, can I take my portion and start my own business, or go work for the competition?

If my business partner and I can’t get along, can I take my portion and start my own business, or go work for the competition?

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Do I have any control in the business if I own a minority interest in the business?

Do I have any control in the business if I own a minority interest in the business?

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Do I have a right to receive a distribution of the profits in the business each year?

Do I have a right to receive a distribution of the profits in the business each year?

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My partner has a larger salary and benefits than I–what can I do about it?

My partner has a larger salary and benefits than I–what can I do about it?

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My partner does nothing but still gets a salary–how do I stop his salary?

My partner does nothing but still gets a salary–how do I stop his salary?

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I retired from the business; does the business immediately have to make a distribution to me for my interest in the business?

I retired from the business; does the business immediately have to make a distribution to me for my interest in the business?

Back to Business Disputes
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If I retire from the business, but am still a shareholder, what are my rights?

If I retire from the business, but am still a shareholder, what are my rights?

Back to Business Disputes
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If a majority shareholder increases their compensation, do I have the right to increase my compensation as a minority shareholder?

If a majority shareholder increases their compensation, do I have the right to increase my compensation as a minority shareholder?

Back to Business Disputes
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The majority shareholder just sold his shares–do I have the right to get the same price for my shares and can I force that buyer to buy out my shares?

The majority shareholder just sold his shares–do I have the right to get the same price for my shares and can I force that buyer to buy out my shares?

Back to Business Disputes
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If I am a shareholder, do I have to be included in management meetings?

If I am a shareholder in the business, do I have to be included in management meetings?

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Will the shareholder or operating agreement solve all business problems?

Will the shareholder or operating agreement solve all business problems?

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How do I get access to company records if my partner won’t let me?

How do I get access to company records if my partner won’t let me?

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Family Owned Businesses/ Privately Held Companies

How do I keep the peace at home when there’s issues at the office of my family-owned business?

How do I keep the peace at home when there’s issues at the office of my family-owned business?

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Who’s in charge of the business, as opposed to who is in charge at home?

Who’s in charge of the family business, as opposed to who is in charge at home?

Back to Family-Owned Businesses
Back to Top
How can I structure my business to create boundaries between family members’ duties at work versus those at home?

How can I structure my family business to create boundaries between family members’ duties at work versus those at home?

Back to Family-Owned Businesses
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Do I need an organizational chart for my family business?

Do I need an organizational chart for my family business?

Back to Family-Owned Businesses
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How do I fire my child?

How do I fire my child?

Back to Family-Owned Businesses
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What happens if my family can’t get along at the office?

What happens if my family can’t get along at the office?

Back to Family-Owned Businesses
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What if one child wants to take the business in a different direction than the parents?

What if one child wants to take the business in a different direction than the parents?

Back to Family-Owned Businesses
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Who will succeed me as CEO of the business if I can no longer act or die? How do I make a succession plan?

Who will succeed me as CEO of the business if I can no longer act or die? How do I make a succession plan?

Back to Family-Owned Businesses
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How do I transition the business to the next generation?

How do I transition the business to the next generation?

Back to Family-Owned Businesses
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What do I do when the next generation splits into various factions?

What do I do when the next generation splits into various factions?

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Outsourced General Counsel Program

Why do I need an Outsourced General Counsel? What should a General Counsel do?

Why do I need an Outsourced General Counsel? What should a General Counsel do?

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Is the outsourced general counsel part of the business management team?

Is the Outsourced General Counsel part of the business management team?

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How does a general counsel help ensure the company is in compliance with regulations?

How does a General Counsel help ensure the company is in compliance with regulations?

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Can an outsourced general counsel help manage the company’s Human Resources function?

Can an Outsourced General Counsel help manage the company’s Human Resources function?

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Do we have a template library? Or do we need an Outsourced General Counsel to help?

Do we have a template Library? Or do we need an Outsourced General Counsel to help?

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Is an Outsourced General Counsel cost-effective?

 

Is an Outsourced General Counsel cost-effective?

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