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The Advocate's Blog

Have You Chosen the Right Trustee?

Posted by Gregory Robinson | Mar 16, 2023 | 0 Comments

Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that a trustee plays not only in handling trust matters but also in providing for and protecting your loved ones. What is a trust? A trust is an agreement between an owner of accoun...

How to Put Business Interests into a Trust

Posted by Gregory Robinson | Mar 14, 2023 | 0 Comments

When forming your business, you may choose to structure it as a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each type of structure offers different levels of asset protection and affects how much you pay in taxes. But owners can exert further control over th...

How to Protect Your Right to You

Posted by Gregory Robinson | Feb 27, 2023 | 0 Comments

Creating a personal brand can be a way to establish an authentic image and stand out from the crowd. For most people, personal branding is a communications strategy rather than a career path. A carefully cultivated personal brand lets people know at a glance who we are, what we stand for, and the...

How to Keep Your LLC in Good Standing

Posted by Gregory Robinson | Feb 22, 2023 | 0 Comments

Starting a limited liability company (LLC) takes a lot of work. Before you serve your first customer or fulfill your first order, it is important to complete the initial business formation process. Although starting a business is a significant achievement, small business owners cannot coast on p...

Three Tips for Overwhelmed Executors

Posted by Gregory Robinson | Feb 13, 2023 | 0 Comments

While it is an honor to be named as a trusted decision maker, also known as an executor or personal representative, in a person's will, it can often be a sobering and daunting responsibility. Being an executor requires a high level of organization, foresight, and attention to detail to meet respo...

Three Celebrity Probate Disasters and Tragic Lessons

Posted by Gregory Robinson | Feb 10, 2023 | 0 Comments

One would assume that celebrities with extreme wealth would take steps to protect their estates. But think again: some of the world's richest and most famous people enter the pearly gates with no estate plan, while others have made estate planning mistakes that tied up their fortunes and heirs in...

The Pros and Cons of Probate

Posted by Gregory Robinson | Feb 08, 2023 | 0 Comments

In estate planning circles, the word “probate” often carries a negative connotation. Indeed, for many people—especially those with valuable accounts and property—financial planners recommend trying to keep accounts and property out of probate whenever possible. That being said, the probate system...

Why a Trust Is the Best Option to Avoid Probate

Posted by Gregory Robinson | Feb 06, 2023 | 0 Comments

Ideally, when someone passes away, the paperwork and material concerns associated with the deceased's passing are so seamlessly handled (thanks to excellent preparation) that they fade into the background, allowing the family and other loved ones to grieve and remember the deceased in peace. I...

Three Reasons to Avoid Probate

Posted by Gregory Robinson | Feb 03, 2023 | 0 Comments

When you pass away, your family may need to sign certain documents as part of a probate process in order to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other assets) in your name only and you have not completed a beneficiar...

Preparing Your Business for 2023

Posted by Gregory Robinson | Jan 20, 2023 | 0 Comments

The beginning of the year is a time to reflect and refocus on what you want to achieve over the next twelve months. Optimally, entrepreneurs spent part of December on small business housekeeping tasks that helped them finish the year strong, and at the beginning of January, they prioritize settin...

Legal Considerations for Buying an Existing Business

Posted by Gregory Robinson | Jan 11, 2023 | 0 Comments

Some entrepreneurs love the challenge of starting a new business and creating everything from scratch. However, that may not be the best approach for everyone. Buying an existing business can eliminate the initial legwork of establishing a customer base, training employees, and securing start-up ...

What Is the Difference between a Trust and an LLC?

Posted by Gregory Robinson | Jan 02, 2023 | 0 Comments

Trusts and limited liability companies (LLCs) are both legal vehicles that can be used to manage and protect assets, minimize taxation, and avoid probate. Whether a trust or an LLC is a better choice may depend on the type of asset, but you do not necessarily have to choose between the two. In f...

Starting a Short-Term Rental Business

Posted by Gregory Robinson | Dec 05, 2022 | 0 Comments

Short-term rentals are nothing new. For decades, homeowners have been renting out their properties in touristy areas to earn income. But with the advent of platforms such as Airbnb and VRBO, there has been an explosion in short-term rentals, including many in areas that were not previously consid...

How to Protect Your Business from Lawsuits

Posted by Gregory Robinson | Nov 28, 2022 | 0 Comments

Small business owners are no strangers to risk management. Owning and operating a small business entails a certain level of unpredictability. Despite your best efforts to stay on top of supply chains, marketing, sales, competitors, employees, and cash flow, unexpected issues can knock you for a l...

Key Person Insurance: What Is It and Do I Need It?

Posted by Gregory Robinson | Oct 31, 2022 | 0 Comments

We protect what we value most with insurance. Car insurance and home insurance ensure that we can financially survive a major property loss. Life insurance pays money to beneficiaries after a death, acting as a financial lifeline to the deceased's loved ones. Business insurance is a hedge against...

The Business Plan

Posted by Gregory Robinson | Oct 27, 2022 | 0 Comments

Operating your business without a business plan is like going to the grocery store hungry and without a list.  You end up with a lot more than you need—a lot more than you even want—in your cart.  And you've likely upset your budget for the week.  A few such carefree adventures and your budget is...

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