As the Trump administration continues its efforts to crack down on illegal immigration, many legal battles have been playing out in Massachusetts courts. Recently, a federal court in Boston began hearing arguments over the enforcement activities of U.S. Immigration and Customs Enforcement.
Asset division during a divorce can be a heated process. The situation may grow even more complicated if you have a business involved.
When launching a new business, entrepreneurs must decide on what structure they want to give the new business entity. Should it be a sole proprietorship, a partnership, an LLC or a corporation? Each format has its own advantages and disadvantages. One popular option for small businesses is the S corporation.
Many Massachusetts couples choose to sign a prenuptial agreement. This can be a powerful tool for preserving assets and it can make things much easier in the event of a divorce. Some people say signing a prenuptial agreement is a good way to go into a marriage with open eyes and realistic expectations.
Estate planning in Massachusetts is a valuable tool that when done right, provides ample protection for the testator’s final wishes and beneficiaries’ inheritances. Careful consideration of potential issues that may affect the passing down and ownership of assets, especially those involving residential homes, land and real estate, is crucial for you to create a plan that everyone will abide by if you become incapacitated or die. The home is arguably one of the biggest reasons disputes and confusion arise after someone dies. Adult children, surviving spouses and other relatives may have memories and other reasons for wanting possession of the property.
Most personal accident cases are based on the legal theory of negligence. Essentially, negligence comes about when a person owes a duty of care to others, breaches that duty, and causes damages as a result of that breach. In a simple case involving a collision between two cars, a driver owes a duty of care to other drivers on the road, and breaches that duty by driving carelessly. As a result of this carelessness, another driver is hurt. The driver who caused the accident through negligence can be held liable for damages suffered by the other driver.
Housing in the Greater Boston metropolitan area has grown outrageously expensive in recent years, and state and local governments have struggled to come up with ways to help people afford to live and work in the region. Private companies have tried to come up with solutions, as well.
A proper prenup can be a staple in securing your assets in the case of a divorce. For business owners, this is especially important.