Due diligence is the process of obtaining and verifying information about a company or person in preparation for a business transaction, such as an acquisition, merger, or potential new business partner. Generally, due diligence provides information about the company being considered for purchase and its operations, with an eye toward risks that could cause future problems. Obtaining details about pending …
Estate planning can be a significant part of successful financial management, especially for married couples. One key consideration is minimizing estate taxes, which can substantially affect the distribution of money and property to a married couple’s loved ones. What Are Gift and Estate Taxes? In 2024, a $13.61 million federal exemption per person for gifts and estate taxes means many …
In the digital age, our online presence extends beyond social media. Platforms like Twitch, where users engage with live-streamed content, present unique considerations when it comes to estate planning. Do you know what happens to a Twitch account after an individual passes away? If you die and a loved one needs to take care of your estate, the following information …
On February 16, 2024 the Supreme Court of Alabama decided in LePage v. The Center for Reproductive Medicine, P.C. that fertilized eggs are children for the purpose of Alabama’s wrongful death of a minor statute. The court held that all ‘unborn children’ whether inside or outside the womb are protected within the plain language of the statute. Alabama’s Wrongful Death …
Some trusts are irrevocable as soon as they are created, which means that, in general, the trustmaker (the person who created and funded the trust) cannot terminate or modify it and take back the money or property that it holds. You may wonder why anyone would want an irrevocable trust, but irrevocable trusts can provide some very important benefits, particularly …
In general, the answer to the title question is yes, your trust can own your business after you die. However, there are a number of considerations that may impact the answer to this and the following questions. One consideration is the type of business interest you own. Is your business a limited liability company (LLC), a partnership, a corporation, or …
The United States hosts the highest number of immigrants in the world, but increasingly, Americans say they are looking to relocate permanently to another country. A large percentage of wealthy Americans are also interested in buying real estate overseas and living there at least part-time. While moving overseas is often a lifestyle decision, the practical implications of living abroad, including …
In this episode of The Billable Mom, Cari speaks with Tiffany Dowell Lashmet, a mom of two and an Extension Agricultural Law Specialist with Texas A&M AgriLife Extension. She’s deeply engaged in her family’s show lamb operation in New Mexico and cattle raising in the Texas Panhandle. Tiffany also authors the Texas Agriculture Law Blog and Always a Farm …
The Billable Mom with Cari Rincker, Episode 1 Welcome to The Billable Mom with Attorney and Mother Cari Rincker. In each episode of The Billable Mom, Cari will speak with other billable moms about working motherhood and the struggles to juggle it all. Our time is precious, both at work and at home. Cari and her guests will explore time …
The Billable Mom with Cari Rincker, Episode 1 YouTube Video goes here The Billable Mom with Cari Rincker, Episode 1 Welcome to The Billable Mom with Attorney and Mother Cari Rincker. In each episode of The Billable Mom, Cari will speak with other billable moms about working motherhood and the struggles to juggle it all. Our time is precious, both …
Small business owners are no strangers to government regulations. There are many requirements that businesses must be aware of and comply with, including business license and permit rules. Most businesses must obtain licenses or permits, so it is important for each business to know which ones it needs. Business operations are regulated at the federal, state, and local levels. Each …
When you think about how you want your property to be distributed after your death, most of the time it is easy to identify that property—your home, your cars, your jewelry, etc. But what about the genetic material used in assisted reproductive technology, such as frozen sperm, eggs, and embryos? Is genetic material stored with your doctor or a fertility …