By: Beau P. Sagona If a parent dies without a will, the parent’s estate is divided equally between the parent’s children. This may not be what the parent wants. Perhaps some of the children are more attentive while others are uninvolved, do not get along with the parent, or have other issues that don’t justify […]
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Care with Confidentiality Clauses
By Albert J. Derbes, IV Parties to a contract too often sign without a careful review of the miscellaneous, or boilerplate, clauses at the end of the document. One of the most problematic instances concerns confidentiality clauses in contracts. A confidentiality clause obligates one, both, or more parties to a contract to maintain the terms […]
When Should a Will Include a Trust
By: Beau P. Sagona, Esq. A Last Will and Testament commonly addresses three items: Who inherits the decedent’s property; Who handles the decedent’s estate; and Who will raise the minor children if both parents are deceased. A fourth item to address – when circumstances warrant – is a testamentary trust. A testamentary trust is simply […]
Making Sense of the Various Types of Bankruptcy
By: Frederick L. Bunol You may have heard references to different types of bankruptcy, such as “Chapter 7” or “Chapter 13”, and wonder what those terms mean. Below is a short summary of the various bankruptcy chapters. The Bankruptcy Code can be found at Title 11 of the United States Code. The Bankruptcy Code is […]