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

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

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

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