Making the decision to invest in real estate is a major undertaking. If this includes commercial properties, you may be able to tap into a lucrative industry, but you do need to take steps to protect yourself in case anything happens with the properties.
Important points about leaving an abusive marriage
Living in an abusive marriage is a horrible situation for anyone. Unfortunately, people go through it all the time. Getting to a safe place is a priority because your safety is in jeopardy. It can be a challenge to walk away from an abusive marriage, not only because you need to plan for the future, but also because it can be dangerous.
Breach of fiduciary duty must have three elements present
Some business litigation lawsuits are based on a breach of fiduciary duty. In the most basic of terms, fiduciary duty means that one party has an obligation to handle financial decisions in the best interest of another party. When that duty is breached, the person who held the fiduciary duty might face a legal action in civil court.
Do you know when assets are considered commingled?
If you plan to retain an attorney to file for divorce, prepare to discuss finances when you meet. Your legal counsel will likely ask you whether there's been any commingling of funds. This concept refers to a process whereby separate assets that you alone owned before or during your marriage get combined with your spouse's. Assets move from being separately owned to part of the marital property when this happens.
Mistakes with your estate plan could be costly
It is beneficial for every adult in Kentucky to plan for the future. Through an estate plan, it is possible to plan for the care of beneficiaries, set aside money for specific uses and accomplish other goals. Each person is unique and has different objectives, and every estate plan will be different as well. However, there can be problems and issues with even the most thorough plan when there are errors and omissions.
Understand the specifics of opening a business in Kentucky
Opening a business in Kentucky involves more than just finding a location and opening your doors. There are several things that you must do if you're going to start a company in this state. Understanding each step is beneficial and can help to ensure that you don't miss anything.
