The Pros And Cons Of Trusts As Asset Protection Devices
Ryan E. Melsky, Esq.
Gagliardi & Melsky, LLC
Clients often ask whether they need to create a trust as part of their estate plan. At its basic level, a trust is a writing that documents the placing of assets, such as real estate or money, into the hands of a Trustee for the benefit of one or more beneficiaries. The person placing the assets into [....]
Retention And Storage Of Your Original ‘last Will And Testament’
Ryan E. Melsky, Esq.
Gagliardi & Melsky, LLC
Clients who have just signed their ‘Last Will and Testament’ often ask if they should leave the original Will at my law firm. The answer to this question is “no.” Any time you execute a ‘Last Will and Testament,’ you should keep the original in a secure location that is acc [....]
You Don’t Own It Anymore
By Ryan E. Melsky, Esq.
GAGLIARDI & MELSKY, LLC
Several months ago, I wrote an article titled It’s Not Your Money Yet, which detailed the common misunderstanding by beneficiaries that they automatically own what was left to them in a ‘Last Will and Testament.’
This article discusses the opposite situation: the c [....]
The Operating Agreement: The Centerpiece of Your Business
An operating agreement is a written document that dictates how a company will be operated and who is going to be operating it. As a result, an operating agreement should be comprehensive in an effort to address the various decisions and procedures companies typically face. Remember: A properly formed business is a separate legal entity apart from the owners themselves. So a set o [....]
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