When you decide to launch your own small business, you have a lot of decisions to make. One of the most important, which sometimes is complicated to understand, is considering the legal ramifications of business ownership. If you’ve done even a little research into it and plan on owning a small business, you know you’ll have to choose whether to be a sole proprietor or to establish an LLC.
Pennsylvania has certain laws that help determine who gets what during a divorce. Though these issues can be less problematic for those with fewer assets, if you have a lot of assets they can create some unique hurdles.
On the road of good intentions, estate planners and holders have made mistakes. Unfortunately, many mistakes can be difficult and expensive to resolve. Therefore, an estate holder or testator needs to be diligent, thorough and methodical to avoid these mistakes.
There are various ways to pass on wealth to heirs in Pennsylvania. Some of these may involve the probate court while others may have other legal frameworks. A fully diversified estate usually contains a combination of tools.