August 06, 2020
Can't Make Payroll?
Oh no, you cannot make payroll – the position no business owner wants to be in. Not being able to make payroll comes up for a variety of reasons. Some industries have low seasons, receivables may be down, and of course there are down economies. During this time of Covid-19 and the economic repercussions, some industries have been greatly impacted and there has been a sharp uptick in businesses being unable to pay their employees.
July 31, 2020 | Main Office
Legal Matters 2020 Summer
July 24, 2020
Can The Subchapter V Trustee Be Your Business' Best Friend?
The Trustee in Subchapter V Bankruptcies
Subchapter V of Chapter 11 bankruptcy is an expedited process for small businesses.
Simplifying the process means that filing under Subchapter V significantly reduces the time and money typical bankruptcy takes.
July 20, 2020 | Main Office
Estate Planning for New Parents
Many people put off estate planning until faced with a big life event. The birth of a child is a time when people often start the estate planning process, if they haven't before then. There are three big estate planning steps to take.
July 10, 2020 | Main Office
Choosing the Right Financial Advisor
There are many considerations when choosing a financial advisor or even whether to choose one. While the value of working with a financial advisor varies, keep in mind that average additional investment returns can range from 1.5% to 4% more each year when working with a financial advisor. People who work with financial advisors report greater financial security, confidence and clarity than those who don't.
June 26, 2020 | Main Office
Streamlined Chapter 11 for Small Businesses
In this time of economic upheaval and distress more businesses are looking at reorganizing. Subchapter V of Chapter 11 offers a streamlined process for small businesses going through bankruptcy. Simplifying the process means that filing under Subchapter V significantly reduces the time and money typical bankruptcy takes, making it more accessible to more businesses. Under Subchapter V, currently, businesses with up to $7.5 million in debt can be eligible. The threshold was raised to $7.5 million for one year as part of the CARES (Coronavirus Aid, Relief, and Economic Security) Act from $2.7 million.
June 19, 2020 | Main Office
Chapter 13 Bankruptcy
Chapter 13 is one type of bankruptcy for individuals. This form of bankruptcy focuses on the reorganization of one's finances for individuals with regular income. It is also known as a wage earner's plan. Debtors develop a monthly payment plan to their creditors for a three to five-year period. Creditors may not start or continue with collection efforts during this time. Chapter 13 is valuable for those who are unable to make immediate payments to their creditors but have income.
June 12, 2020 | Main Office
The term life estate is often heard in estate planning and real estate matters but is often not understood. Life estate is a joint ownership of property. It allows an individual to live in their home until their death at which time it passes to the other owner. Life estates are often established to avoid probate. They can also be part of MassHealth planning.
June 04, 2020 | Main Office
Protecting Your Digital Affairs
A lot of our personal and business lives are now spent online. We pay our bills, shop, watch movies, bank, manage our investments, date, engage in social media, and so much more online. Our digital lives need to be managed and planned for in the event of our disability or death. This should be done within our estate plan as well as outside of it.
May 28, 2020 | Main Office
The Basics of Being a Trustee
It is an honor to be appointed as a trustee for a trust. It is also a big responsibility. There are basic guidelines to follow to being successful.
The first thing you should do is to read...