There are three documents everyone needs as part of their estate plan. So far in this series, we’ve covered advanced directives/living wills and financial powers of attorney and why you need both. Finally, you need a will, formally called Last Will and Testament. A will is probably the best-known estate planning document. Any time a…
Have you ever wondered what would happen if you were seriously injured in a car accident and up in a hospital for an extended period of time? How would your bills get paid? Who would take care of all your financial matters? Most people don’t like to think about this stuff, but that situation is…
The first essential estate planning document we’re covering in this series is advanced directives. These are instructions for all aspects of your medical care if you are unable to make decisions for yourself. People have different ideas about how they want the end of their life to be and it’s nice for you, and your…
When you’re starting your business, there are all kinds of fun things to think about. What’s your passion? How will you turn that into a business? What’s your business name going to be? How much money will you be able to make? There are also some less fun things to think about (but equally important,…
What is a sole proprietor? Being a sole proprietor means you’re doing business, but you have not set up a formal business entity. It is the default business structure for single-owner businesses. This type of business is not separate from the individual at all and no action is required to be a sole proprietor. It’s…
What is trademark? A trademark is a word, symbol, phrase, design, or combination of those things, that tells where the goods or service come from. There are also service marks (used for service businesses), but in this article I’m going to use the term trademark to refer to service marks, too. Things like logos, slogans,…
