Serving as a trustee is a responsibility that must be undertaken with care because trustees act in a fiduciary capacity. They owe certain legal duties to the beneficiaries of the trust and can be personally liable for breaching those duties. Accordingly, inexperienced...
Generally, trustees are required to prudently invest the assets of a trust. If they fail to do so, pursuant to the Prudent Investor Act, they can be personally liable to the beneficiaries of the trust. As a result, many trustees prefer to delegate their investment...
When establishing a trust, choosing a trustee is one of the most important decisions you will make. The trustee will have control over the assets of the trust and will control the distribution of these assets to the beneficiaries. Depending upon the size and type of...
One of the first decisions you must make when starting a business is where to incorporate. If you plan to create a corporation (LLC, S-Corp, or C-Corp), you can select virtually any state to incorporate your business. However, you should review your options carefully...
Contracts are so commonplace that we don’t always give them the attention they deserve until there is a problem. While the details of a particular contract may be unique, certain issues tend to come up often regardless of what kind of agreement is involved and the...
