Reviewing your estate plan can seem like a big task. This is especially true when you consider that experts suggest you review it every 3 years. But in reality, you do not need to review the entire thing each time. In fact, prioritizing your reviews makes the entire...
Should I arbitrate or mediate?
Savvy business owners know that it is always wise to avoid litigation if possible. Litigation can be extremely expensive, not to mention that there is no reason to ruin business relationships if you can avoid doing this. This is why arbitration and mediation are...
What are some things I should do when selling my business?
Preparing to sell your business requires thinking ahead and preparing a good plan. You want to be sure that you do not sell yourself short and that you get the best deal possible. In working towards selling your business, you will need to do some things to ensure that...
When an LLC makes sense as a business type
When it comes to creating a business entity, many people start out with a sole proprietorship. This is essentially just one person working the business as themselves and is easy to file taxes on. While this type of business entity may be perfect for someone who has a...
How can you pass on your business?
As a successful business owner who eventually plans to retire, you need to think about succession options. You have several to choose from, with each option having its own benefits and drawbacks. What you choose will depend on your personal wishes for the business,...
Steps to take before creating an estate plan
If you are thinking about setting up an estate plan, there are a number of different topics to focus on. Aside from figuring out which approach is best for you and those you love, you need to look at your individual circumstances and move forward carefully. The...
What should you look out for in a commercial lease?
Commercial leases lack most of the common contract protections afforded to residential leases in Oregon, which means your protection is up to you and a strong contract. If you agree to lackluster provisions, you might open yourself to exploitation that remains...
Types of charitable remainder trusts
For many people, the ability to leave a financial legacy for their children and grandchildren is a lifelong dream and a high priority when making an estate plan. At the same time, these people may wish to provide some ongoing support for a philanthropic organization...
3 common estate planning mistakes to avoid
People have goals to have a good week, a great year and a good life overall. These wishes for the future should extend to estate planning. Having an estate plan established is highly beneficial as individuals can make informed decisions about their estate and maximize...
Is it time to update your estate plan?
Oregon residents like you work hard to get your estate in order in the event of your death. It can take a lot of time and effort to create the perfect estate plan. Unfortunately, estate plans are not static creations, though. You want to keep your estate plan up to...