There is a concept in estate and tax planning called Discount for Lack of Marketability. Basically, it says that assets in a company are not as valuable as assets owned directly by a person. This can save a family a ton of money in estate taxes if
The living will and the advance health care directive are basically the same thing. Use of either term depends on who you talk to. Some hospitals call it one, some the other. Same goes for lawyers. Both help you prepare for your end of life decisions. Most
“How do I put property into a trust?” is a question I often get after someone forms a living revocable trust. This is an important question. Putting property into a trust is also known as funding the trust. Funding a trust is the engine that runs a
Intellectual property rights consist of legal rights you can claim on your creations. In other words, under the law if you invent or create something new, you can have the right to take credit for and profit from your invention. Once they are registered, others cannot use
