People who plan their estates often include a compensation for their trustee or executor. After all, that individual has all the responsibility for carrying out their last wishes. You may have accepted this demanding role because you respect and care for the person...
Year: 2021
What restrictive terms might occur in a commercial lease?
Commercial leases are much different than residential leases because of the nature of the industry. The leases that businesses sign are often much more comprehensive than leases for homes. There are several things that you need to check if you’re considering a...
What are mineral rights?
People who are considering purchasing a property might think that they own everything on and in the land. That might be the case sometimes, but there’s one aspect of property ownership that some people don’t really understand – subsurface rights. These rights are...
Signs that you may have a risky business partner
When you and your business partner talk about risk, you’re probably thinking about the risks you decide to take with the company -- changing your focus, reaching out to a new audience, taking on more debt and so on. But what if your risk comes from your business...
Do you need a force majeure clause in your commercial lease?
Signing any lease means making a major financial commitment to a landlord, but commercial leases often have many longer-lasting consequences than residential leases. First of all, rent for a commercial space is almost always higher than rent for a comparably-sized...
What types of sibling disputes most commonly result in probate litigation?
If you have a sibling, then it's unlikely that things were always smooth sailing growing up. You likely fought from time to time, whether it was about who would get to sit in the front seat in the car or who did what chores. Conflicts between siblings don't end in...
Understanding the reasons people place assets in a blind trust
Many people associate blind trusts with elected officials who want to assure constituents that their decisions aren’t being made to enrich themselves or their families or that there’s any real or perceived conflict of interest. An independent third-party trustee,...
What tasks must an estate executor complete in Mississippi?
Your best friend has recently asked you to fill the role of estate executor after he or she dies. You want to help and are committed to the role, but you are also a little afraid of the responsibility. In a best-case scenario, friends who ask others to become their...
Preparing for an environmental audit: 5 tips to keep you on track
In today’s business world, environmental audits are a key part of governmental compliance efforts in many industries. You cannot prepare for an environmental audit at the last minute. You need to have a plan in place from the very start of your operations. Ways to...
Why you need to avoid ambiguities in your estate plan
Often, people believe their estate planning needs are simple and don’t require getting an attorney involved. It’s certainly easy to find do-it-yourself estate planning documents online. However, every estate plan (even a simple will) needs to be as unique as the...