What Happens to a Sole Proprietorship When the Owner Dies?
What Happens to a Sole Proprietorship When the Owner Dies?
When you're a solo entrepreneur, it's easy to get caught up in the daily grind and overlook what happens when unforeseen events occur. One such event is the death of a sole proprietor.
Change the Facts, Change the Answer…
Change the Facts, Change the Answer…
My dad was my law partner for over 20 years, and one of his favorite (!) trial stories was the client who, in the middle of cross-examination by the opposing attorney, began a response with, “I ain’t even told my lawyer this yet, but…”. I’ve also had the dubious pleasure of having a client say, “Well, I just didn’t think you needed to know that!” at precisely the wrong moment – you know, just AFTER the nick of time.
A Living Will Isn’t a Death Sentence
A Living Will Isn’t a Death Sentence
Since a lot of my law practice involves estate planning, I prepare a lot of what are called “advance directives” (ADs) – documents that authorize somebody else to make decisions for you if you can’t. The least understood of these ADs is the directive to physicians, or “living will”.