As a business owner, you should keep your records organized and updated with any recent changes in your management, operations or similar business aspects. This includes updating your employment contracts. A misconception about employment agreements is that they are...
Year: 2023
Estate planning considerations for married couples
When an individual becomes married, they almost always consider their spouse and children, if any, when making decisions, minor or significant. These decisions include creating or updating estate plan tools. How a marriage affects an estate’s property distribution...
4 reasons litigated instead of collaborative divorce is for you
The paradox behind collaborative divorce is that you must work amicably with the person you have a broken relationship with. The process requires you and your spouse to join forces while discussing going your separate ways. While collaborating with your respective...
Co-parenting plan concerns
Divorce comes with many complexities, and spouses must make many adjustments once the marriage legally dissolves. Not all divorces end with the spouses going entirely their separate ways, as those with children will rely on a co-parenting plan. Such plans require...
When does collaborative divorce work best?
In modern-day divorce, many parties opt for private settlement instead of fighting it out in court. Methods like mediation and negotiation allow parties to take control of the discussions, as well as their time and resources. However, divorcing parties must carefully...
The limits of nondisclosure agreements
Companies implement measures to protect their businesses from harmful and malicious acts by employees or partners. A common protective measure is nondisclosure agreements (NDA), which aim to prevent unauthorized disclosure of confidential company information. If a...
Three common tax implications of going through a divorce
Divorce can bring about significant tax consequences that might not be top of mind for someone going through the process. While taxes may not be your immediate concern, the decisions made during divorce proceedings can have lasting effects on your financial situation....
10 expensive estate planning mistakes to avoid
It is typical for individuals to think about how to guarantee the financial stability of those who matter to them after passing on. Estate planning exists to fulfill this requirement while maximizing potential savings based on the individual's life situation and...
High-divorce rates among same-sex unions
After decades of unwavering advocacy to codify same-sex marriages, the United States Supreme Court finally legalized the unions in 2015. Fast forward to today, same-sex married couples enjoy the same legal right to divorce as straight-married couples. Looking at the...
Removing the mystery of tax audits
When the IRS notifies Pennsylvania residents that their taxes will get audited, it can cause a nerve-racking feeling. However, understanding the tax audit process can make it seem less scary for many people. There are some things that people could benefit from knowing...