Digital Assets and Your Estate Plan

Did you know that access to an electronic record is considered a digital asset? You should establish a way to keep track of important logins, passwords, access keys and personal identification numbers (PINs) to ensure your family and power of attorney can access important online and electronic records when the need arises. Make a list … Read more

It’s Good Business to Protect Your Personal Assets

's Good Business to Protect Your Personal Assets Featured Image

The most important decision you make as a business owner, whether starting a new business, purchasing a business, or reviewing a current business entity, is choosing the legal structure that will protect your personal assets. Three options to consider: Doing Business As (DBA): This option is simply filing a fictitious name registration for your business … Read more

Why You Should Get it in Writing

Sativa Boatman-Sloan Why You Should Get It In Writing

These may be the four most important words for an entrepreneur or small-business owner who often operates on a “handshake” principle: Get it in writing. The challenge and excitement of starting a new business can lead to entering business agreements haphazardly or with complete trust of the other party, especially if it is with a … Read more

VA Aid and Attendance Pension Changes October 18 2018

417 Law Firm VA Aid and Attendance Pension Changes October 18 2018

Wartime veterans or their surviving spouse with limited income may be eligible to receive the VA Aid and Attendance benefit to help pay for assistance they may need in everyday activities or with long-term elder care, home care aides, skilled nursing, or adult daycare. The VA announced new rules going into effect on October 18, … Read more

Avoid Stress: Assign TODs to All Your Vehicles

417 Law Firm Avoid Stress Assign TODs to All Your Vehicles

It makes sense for you to name a transfer-on-death (TOD) beneficiary for your vehicles. That way, your vehicle can be transferred to the beneficiary quickly and easily, without probate court approval. (Beware: the beneficiary inherits any outstanding debts on the vehicle, as well as the vehicle.) If you have a Trust, be sure to make … Read more

Top 7 Pitfalls When Buying a Business

Top 7 PItfalls When Buying a Business

Purchasing a business is exciting, but the process can be tricky and confusing. There are a variety of variables you should consider before signing on the dotted line. Here are seven common pitfalls: Not forming a business entity. Don’t begin signing contracts, leases, or loan agreements in your own name without planning and implementing your … Read more

Wills and Revocable Trusts: Know the Differences

Wills and Revocable Trusts Know the Differences

Wills and revocable trusts are beneficial planning documents used to pass assets on to beneficiaries after death. However, there are very distinct differences. To make the best decision for your family, you should know the three major distinctions between wills and revocable trusts. Privacy When a will is administered, it must go through the court … Read more

Protecting Your Assets When Faced With Nursing Home Care

Protecting Your Assets When Faced With Nursing Home Care

A family’s life savings can easily be spent in a matter of months when a family member needs long-term nursing home care. The loss of life savings and assets, including the family home, can be devastating. There are several different Missouri Medicaid (MO HealthNet) long-term care programs for which Missouri seniors may be eligible. One … Read more

Why an Updated Operating Agreement is Important for Your LLC

Why an Updated Operating Agreement is Important for Your LLC

Limited Liability Company (LLC) has become one of the most popular business entity types for solo and small business owners. It is considered to be more flexible than a corporation and has the advantage of combining the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation, creating the best … Read more