Collecting secured and unsecured debts as a creditor is no easy task, both because of legal hurdles and the difficulty of locating debtors and their assets. When deciding whether to pursue a debtor, the creditor must weigh the risks and expenses of litigation versus the potential payoff of collecting. Close attention must...
Does A Remarriage Affect Child Support?
It’s not uncommon for a parent to get married after divorcing or separating from the other parent. If that parent receives or pays child support, there may understandably be questions about the impact of a new romantic partner or spouse on those support payments. Does a remarriage affect child support?
How To Prepare To Sell Your Massachusetts Business
For many business owners, there comes a time when the best decision is to sell the company and move on to the next stage of life. If you’ve reached the point where you’re ready to sell your business, there are a few important steps you need to take to do...
How Do I Take Care Of My Parents’ Money?
As your parents age, you may notice they are showing signs of aging like forgetfullness, or irresponsible spending. As they age, they lose the mental acuity they had when they were younger. This can make them more vulnerable to financial exploitation, identity theft, or making unwise investments. Adult children often ask what...
How To Create A Business Partnership Agreement
Partnerships offer a number of different benefits to members who wish to do business together. But before you launch a partnership, it is imperative that a written agreement be established. A well-drafted partnership agreement will accomplish several important objectives such as ensuring every member understands his or her obligations to the...
What Is An Easement? Everything You Need To Know
What Is An Easement? Everything You Need To Know
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If you’re in the market for real estate in Massachusetts, or you already own property, it’s important to understand what easements are. These legal interests can affect both residential and commercial property and could also impact the value of...
Common Remedies To A Breach Of Contract In Massachusetts
Breaching a contract can have significant legal repercussions for the party that is found to be in breach. And while most people assume that a lawsuit is an inevitable outcome, this isn’t always the case. Contracts are complicated and no two are alike. Because of the uniqueness of these agreements, there...
Structuring A Joint Venture Agreement: 8 Important Elements
Forming a joint venture in Massachusetts allows independent businesses to combine their resources to embark upon a brand-new project of mutual interest and benefit. But as with every business arrangement, it is imperative that the parties involved reduce their working relationship to a written agreement. Creating a joint venture agreement in...
Can A Prenuptial Agreement Impact Your Inheritance?
Prenuptial agreements serve a number of vital purposes in the world of family law. Primarily, their purpose is to avoid lengthy, expensive, and emotionally draining litigation in the event the marriage ultimately fails. One sometimes overlooked advantage of these agreements is the protection they offer for a spouse’s inheritance. If you are...
1031 Exchange FAQ
A 1031 exchange allows an individual to sell investment assets and reinvest the proceeds in a similar type of investment, thereby bypassing the capital gains tax that would normally need to be paid. It is essentially a swap of one investment property for another, deriving its name from Section 1031 of the...