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November 2017 Archives

What are estate planning steps to take after divorce?

If you have recently gotten a divorce in Missouri, you may have spent most of your time focused on the divorce process and creating a settlement. However, once everything calms down, you really need to turn your focus to estate planning. Your life has just gone through a major change. Your former estate plans are likely to no longer going to work. 

How do I divorce-proof my business?

It may not be something that you have ever considered, but if you are a business owner in Missouri and you are married, it is well worth your time to consider what would happen to your business if you were to divorce. A divorce can be a very difficult situation. Money and finances are often a major sticking point. If you are the owner of a business, it becomes an asset that could be up for grabs during your settlement. Luckily, there are ways you can safeguard your business.

Can felons carry guns?

In the state of Missouri, if you are convicted of a violent felony, you do not have the right to carry, possess or own a firearm. However, there was a recent concern that a 2014 state constitutional amendment made it legal for non-violent felons to carry, possess or own firearms. According to the St. Louis Post-Dispatch, if you are convicted of any felony charge, you lose your right to bear arms.

The difference between manager- and member-managed companies

In forming a limited liability company, Missouri business owners have the option under state law to organize their company’s leadership in one of two ways. Generally, entrepreneurs can create their new business as a manager-managed or a member-managed company.

Are you being scammed by a fake inheritance letter?

If you have received a letter in the mail saying you are the lucky recipient of a huge inheritance, it is wise to be cautious. This is a common scam in Missouri. However, this also happens legitimately. You may actually be contacted by an attorney about an inheritance that you had no idea was coming your way. So, how can you spot the fakes and ensure if a real letter comes your way that you do not miss out?

Are prepaid funeral plans right for you?

It may seem like a great idea to prepay your funeral expenses in Missouri. However, there are many things about a prepaid funeral that may make it an unwise choice. According to U.S. News and World Report, complications can arise if the funeral home goes out of business or is bought out. You can never plan ahead for such things. You may think you are partnering with a reliable business, and then suddenly, they are closing.

What is a breach of contract?

One type of situation you are bound to encounter as a business owner in St. Louis is a breach of contract. When issues arise between you and a vendor, employee or some other party you have an agreement with, the steps you take to resolve them can mean the difference between you avoiding litigation or having to go through a long and drawn out court battle. 

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