What Happens To The Business If No Plans Are Made Maybe you trust that your partner will do the business justice, or you don’t see the reason for a succession plan for a sole proprietorship. Think of it like this: someone will have to pick up the pieces when you die, but everyone y...
A general partnership is an informal business organization created when two or more people decide to start a business together. Partnerships operate under state law, so the effect of the death of a partner may vary depending on where the business is located. However, 38 states have adopted the...
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If you owe money and are stressed out, just remember that the outcome that you're imagining is probably worse than the reality. Still, it's always helpful to know what lies ahead. What happens if you don’t pay debt? Here’s what you can expect: ...
“Rosalynn was my equal partner in everything I ever accomplished,” former President Jimmy Cartersaid in a statementfollowing Rosalynn’s passing. “She gave me wise guidance and encouragement when I needed it. As long as Rosalynn was in the world, I always knew somebody loved and supported...
A power of attorney could leave you vulnerable to abuse and may not grant the intended legal authority. Additionally, it does not cover what happens to assets after death, and there is no direct oversight of the agent's activities, which can lead to elder financial abuse or fraud. ...
What happens if you die without a will in Texas? Our Texas estate planning lawyers break down what to expect if you die without a will.
When Diane Arbus died in 1971 at the age of 48, she didn’t leave a will. It fell to her eldest daughter, the writer and novelist Doon Arbus, to deal with her still-emergent work as a pioneering photographer of postwar America. “I wound up with this gift,” she reflects, “or thi...
When a surviving spouse retires, Social Security will always pay an individual's personalbenefitsfirst. If their survival benefits are higher than their personal benefits, that person gets a combination of benefits, in a sum equal to that of those larger survival benefits.3 ...
When a policyholder dies, the insurance company keeps the account’s cash value. Your beneficiaries will be paid just the death benefit, as the policyholder can only use the cash value while they are alive. However, some life insurance policies allow you to increase the death benefit as you ...