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Business & Commercial Law : Estate Planning & Litigation : Bankruptcy
An estate plan provides the legal framework for managing assets during incapacitation and upon death. Some people want to ensure that no one will try to challenge their final wishes. Therefore, they include a ‘no-contest’ clause in their will. What is a ‘no-contest’...
Being the personal representative (executor) of someone’s estate is never a job that’s free of complications. When you’re named by a loved one or close friend to be their executor, it’s because they believe you’re able to handle the job responsibly. When the time...
Financial statements and documents can be vital when running a business, providing essential information about how operations are doing. These papers could go through your desk without much trouble, but sometimes, they can serve as warnings of fraudulent activities....
There are many potential ways that legal malpractice can take place, and one of them is when the attorney has a conflict of interest. They should always be putting their client’s best interests first. However, if there is a conflict in this area, it may raise...
Undue influence occurs when someone exerts pressure on the person making or revising a will, causing them to make unusual, even suspicious, asset dispositions or other changes. You can contest a will in Massachusetts, but proving undue influence can be challenging to...
If getting a fresh financial start sounds like a dream for your insurmountable debt, chapter 7 bankruptcy could make it a reality. Qualifying typically means passing the bankruptcy means test. It determines if your income is low enough to file for chapter 7 and is one...
If you are included in an estate plan as a beneficiary or an interested party, you may obtain all relevant information from the personal representative/executor. Firstly, they may notify you that you have been named in the will and it has gone to probate. ...
Lawyers tend to have far more education than most people, so clients trust them to know the law. Occasionally, those hiring attorneys have unrealistic expectations. They may assume that an attorney who previously helped them with a tax issue or insurance claim can...
Buying a house is a major emotional and financial commitment, and finding the right home in today’s market can be very stressful. When you finally find the right property and strike a bargain with the seller, it can feel like a huge relief. But, what happens when the...
An executor of an estate is a role given to someone by the testator to act out the testator’s last wishes and settle the estate. The executor is bound by their fiduciary duty. What this means is that the executor must always act in the best interests of the estate. ...
