The death of an LLC member can significantly impact the business’s operations, ownership structure, and decision-making. How the company moves forward depends largely on its operating agreement. Many agreements outline what happens in such situations, whether the deceased member’s interest passes to...
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Restructuring an LLC After the Death of a Member
03.12.25 08:47 AM - Comment(s)
The Hidden Dangers of DIY Estate Planning
03.11.25 08:22 AM - Comment(s)
In the digital age, many people turn to online templates and do-it-yourself (DIY) estate planning solutions in an effort to save time and money. While these options may seem convenient, they often come with significant risks that can lead to costly and unintended consequences for your loved ones. Es...
The Key Responsibilities of a Trustee
03.07.25 01:27 PM - Comment(s)
When someone is appointed as a trustee, they take on a significant legal and ethical responsibility to manage trust assets in the best interest of the beneficiaries. This is known as a fiduciary duty, which includes several key obligations. First, a trustee must act with loyalty, ensuring that all d...
Understanding Legal Descriptions in Real Estate
03.06.25 10:30 AM - Comment(s)
When it comes to real estate transactions, a precise legal description of the property is essential. At Schuitmaker Moraitis Law, we often see buyers and sellers underestimate the importance of this seemingly technical aspect. However, an incorrect or vague legal description can lead to boundary dis...
Setting up an LLC is a great way to protect your personal assets and establish credibility, but managing the legal aspects of your business doesn’t stop once your paperwork is filed. Many entrepreneurs make the mistake of thinking that forming an LLC is enough to safeguard them from liability, contr...
