Peace Of Mind For Your Family And Your Future
Delaware Estate And Family Law Blog
The differences between a will and a living trust
There's a misconception that likes to ripple through society, a myth that wouldn't have been entertained many viewers on the television show Mythbusters. This common misconception is that estate planning is only necessary for the rich and wealthy. That statement...
Choosing legal separation over divorce
Many Delaware couples who realize their marriages are over believe that divorce is the only option available to them. However, not every marriage ends in a contentious battle. Depending on the circumstances, it could be worth exploring other options, such as a legal...
What Small Business Owners Should Know About the COVID-19 Stimulus Package
As small business owners grapple with the economic realities of nationwide stay-home orders and social distancing mandates, legislatures have been updating laws and developing new programs to keep the economy afloat. The latest and most groundbreaking is the...
Who Will Run Your Business if You Cannot?
A limited power of attorney to your office manager or bookkeeper will allow that person to act in your place in the event that you cannot. If you are fortunate enough to be considered “and essential business” this document is as important as a working telephone to...
Marital property: What all is included?
If you recently filed for divorce, you may feel overwhelmed with the daunting process that lies ahead. One of the most difficult topics to negotiate is property division. Deciding who is entitled to what in the settlement can bring about strong emotions. Yet, it is...
Can a generation-skipping trust best protect your family’s wealth?
One of the main goals of your estate plan likely is to pass wealth to your children and grandchildren in the most efficient and tax-advantageous ways. Often you can do this by establishing trusts for your children. They later establish trusts for their children, and...
What are the top estate planning mistakes?
Estate plans are unique to every person. As you age and as you collect more assets, it is crucial that you have an end of life plan. Without one, your family members could wind up in probate or quarreling over what your wishes were. A plan provides your family with a...
What You Need to Know about Paying Yourself as a Single-Member LLC
You are a new business owner and have decided to organize your business as a limited liability company (LLC). You are its sole owner and work for the company. How do you pay yourself? Are there guidelines regarding how often and how much you are entitled to? How do...
Signs it might be time to establish a guardianship over a parent
Throughout most of your life, you count on your parents to guide you and show you the ways of the world, but at some point, in many families, these traditional roles reverse. As you age, your parents do the same, and you may start noticing that your mother or father...
What Is an S Corporation and Should I Form One?
Contrary to popular belief, the S corporation is not a distinct entity type. According to the Internal Revenue Service (IRS), an S corporation is a corporation that has elected treatment as a pass-through entity for federal income tax purposes under Subchapter S of...
