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5 Estate Planning Mistakes to Avoid

By Stotis & Baird
You have consulted a lawyer prepared a will and maybe even a trust agreement.   Now you’re in good shape, right?    Not necessarily.    Here are five costly mistakes that people commonly make with their estate plan: Failing to Title Your Property in the Name of the Trust The main goal of a revocable trust is to avoid [...]Continue reading
Estates in Jeopardy

By Stotis & Baird
Each year thousands of nurses, hospice, social workers and doctors work with patients who are terminally ill. It is not their job to attend to the legal needs of these patients, but they can do a great service to the patient and their family by identifying the problem. Jim was 53 years old when the [...]Continue reading
Business Entity Selection – S Corp or LLC?

By Stotis & Baird
As attorneys who often help small business clients form the entities under which they operate their various businesses, we are often asked whether they should form a limited liability company (LLC) or a corporation, specifically an S corporation (S corp). Most clients know that unlike partnerships or sole proprietorships, LLCs and S corps are entities [...]Continue reading
Don’t Use Your Corporate Name in Vain

By Stotis & Baird
Incorporating your business is a good way to decrease your chances of being personally responsible for business obligations. Unfortunately, you may not get these protections if you don’t use your corporate name. Even though you are incorporated, if you enter into contracts in your personal name, or even a business name other than your true [...]Continue reading