The Sterling Law Group, A P.C.

Small business owners deal with many challenges. They work tirelessly to grow their companies while fending off potential threats. However, many neglect to take the steps to protect their businesses before they take off. #BusinessLaw https://bit.ly/2PhJ6ML

The biggest advantage of beneficiary-designated accounts is that they avoid the legal probate process. As long as the beneficiaries are properly designated, those named take precedence over even what a will might say. #EstatePlanning https://bit.ly/3pgjiRY

A will isn’t always the best option for bequeathing everything. #EstatePlanning https://bit.ly/3lZxVXu

There are several myths about how estates must be distributed that can lead to stress about family dynamics. https://yhoo.it/3gr7mcy

A limited liability company (LLC) is a type of U.S. business structure. Created by one or more business owners, or members, an LLC allows people to separate their personal assets from their company which gives them flexibility when it comes to taxes and some liability protection from debt and lawsuits. https://bit.ly/2VDn4b7

Without proper estate planning documentation, a person’s wishes for their assets may not be followed. Beyond a will, there are documents in place that can assist in describing how their wishes are conducted, and types of accounts that can hold significant assets. https://on.mktw.net/3kIZHHS

If you aren't sure whether to form a corporation or how to handle the process, an attorney can provide guidance and help you get your incorporation completed. #BusinessLaw

No one likes to think about dying or about someone else raising their children. But a will can guide your loved ones, head off family feuds and potentially save your family thousands of dollars. http://bit.ly/2OrUEi5

Estate planning isn’t just for the wealthy and aging. It also includes provisions for while you’re still alive, and everyone can benefit from having a plan in place if they’re no longer able to care for themselves or make important decisions. http://bit.ly/2qv8cPB

Knowing how debt works after death and being prepared with clear instructions for inheritors is one of the best ways to ensure that all your hard work pays off. https://on.mktw.net/2W2p63Y

A shareholders agreement should be comprehensive and detailed enough so that all parties involved clearly understand their role. A lawyer can help you create one that’s right for your business. https://bit.ly/36NZKhz

Complex strategies and the ever-evolving tax code can make estate planning feel intimidating. However, ignoring it can be a costly mistake for your heirs, even if you don't have a lot of money in the bank. https://bit.ly/3jleurL

Whenever you ultimately decide to cut down your time at work or leave the workforce altogether, you need to ensure that you have a full slate of estate planning documents in place. https://bit.ly/3l8Wv8t

When do you need your estate plan to "go to work" for you? While you may think the right answer is "after I die," the actual answer is "if I lose the ability to manage my own affairs." https://bit.ly/2ExpwLk

Understanding contracts is critical when you think about buying a company, especially long-term contracts. https://bit.ly/33lu9lk

No one likes to contemplate their mortality but making basic preparations with your finances can save your loved ones from financial stress while grieving your loss. Make sure to use beneficiary and POD designations whenever possible and have a will drawn up by an attorney to outline your final wishes. https://bit.ly/34eg7RV

There is significant complexity with the laws surrounding special needs trusts, so having an attorney with experience in the area is key. https://bit.ly/2HbZ2jB

Of all the decisions you make when starting a business, probably the most important one relating to taxes is the type of legal structure you select for your company. #BusinessLaw