Month: August 2015

Many partnerships end when both partners have met a certain objective and their partnership is no longer needed. Sometimes, a partner is no longer necessary when the business can become a new entity, such as a corporation. Other situations such bankruptcy or the...

Living trusts are created with the purpose of ensuring that all of a person's assets are passed onto the correct beneficiaries. When creating a living trust, it may be helpful to also create a pour-over will. A pour-over will is a document in which the writer of the...

Private copying refers to when consumers pay for copyrighted material in one format and shifts the format from one medium to another. Nowadays, ripping music from a CD and converting the audio files into other forms is common practice. Consumers assume that because...

Circumstances are always changing and it is important to understand how you can make amends and updates to your will. There are many circumstances in which changes must be made to a will including, but not limited to: Changing the heirs of a will Getting married or...

Estate planning is essential to ensure that your assets will be distributed the way you would like after your death. A common way couples divide their estate is through a joint last will. Spouses typically use a joint will, but it can be created between any two...

A last will is a legal document that allows a person to dictate how their estate should be divided to their beneficiaries. If you are a parent with children under the age of 18, you may also consider naming a legal guardian within the will. The legal guardian will...

A Federal Employer Identification Number (FEIN) is a nine-digit number that the Internal Revenue Service (IRS) uses to identify businesses. It is can also be referred to as a Taxpayer Identification Number, a Federal Tax Identification Number, a Federal Tax ID, or an...

It is common knowledge that U.S. customers are willing to pay a higher price for products from valued, well-known brands. There is a price disparity between the amount of money U.S. consumers are willing to spend versus the amount foreign customers are willing to...

Probate is a legal procedure in which a specialized probate court oversees the distribution of property according to the will of the deceased. The court will ensure that all debts are paid and that the property of the deceased will be passed on to the correct...

Trademark dilution is the use of a mark or name that is similar to a famous mark to lessen the capacity and influence the reputation the mark has on the public. Federal Trademark Dilution Act (FTDA), 15 U.S.C. § 1125(c), enacted in 1996, specifically protects famous...