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Four Ways to Shield and Protect Your Assets

Posted by Gregory Poulos | Jul 31, 2020 | 2 Comments

If you have substantial assets, come into sudden wealth, or are in a risk-prone business, you really should consider how you can protect your assets against possible lawsuits. Fortunately, there are several ways you can keep your financial holdings secure. 1. Liability Insurance Your first line o...

9 Steps for Proper Estate Planning

Posted by Gregory Poulos | Jul 21, 2020 | 1 Comment

No matter how large or small your estate, your assets and family should be protected when you die. Creating a proper estate plan is vital for that eventuality. Here are some easy steps you can take to ensure your estate plan is in place and your assets will be protected and passed on appropriatel...

So You Just Want a Boilerplate Contract?

Posted by Gregory Poulos | Jul 10, 2020 | 0 Comments

Asking a lawyer to prepare a boilerplate contract is akin to fingers scratching a chalkboard. Lawyers hate writing them—or even being asked to write them—because they devalue their services. Clients only think attorneys love them. Why Are You Asking for That? For some reason (actually I know the ...

Should You Go into Business with Friends and Family?

Posted by Gregory Poulos | Jun 14, 2020 | 0 Comments

If there was a single piece of advice that I might give to clients who are considering going into business with friends and family, it would be to seek out every other possibility. As an attorney who has spent a great deal of time in litigation unraveling the horrible consequences when these rela...

5 Steps to Increase Cash Flow for Your Small Business

Posted by Gregory Poulos | Jun 05, 2020 | 0 Comments

As a small-business owner, collecting the money you are owed can be critical to your success. Especially in light of what is happening in the economy now, the ability to increase cash flow is imperative. Unfortunately, many of your customers might also be experiencing cash-flow problems now, whic...

Notifying Tenants about a Foreclosure

Posted by Gregory Poulos | May 31, 2020 | 0 Comments

If you have a renter who signed a lease and your property is at risk of foreclosure, that renter may have some protections and rights that you should be aware of. What the Federal Law Says In 2009, the federal law known as the “Helping Families Save Their Homes Act of 2009” was enacted. The aim o...

Is Your Contract Notice Provision Up to Date?

Posted by Gregory Poulos | May 19, 2020 | 0 Comments

It's just part of life and business that we get involved in contracts. Almost any contract that is properly drafted will have a contract notice provision, or clause. This clause states that the parties are agreeing to receive notices about matters relating to that contract. Unfortunately, this pr...

Single-member Operating Agreement: Do you need one?

Posted by Gregory Poulos | May 06, 2020 | 0 Comments

When it comes to creating single-member operating agreements, some business owners are wary. After all, you are the only member. But could it be considered a type of insurance for your business? Take for instance if you live in a place where it rarely rains, such as Phoenix. Do you still own an u...

Transferring Assets to Yourself as a Trustee

Posted by Gregory Poulos | Apr 07, 2020 | 0 Comments

When thinking about estate planning, many people think of a trust—and rightfully so. A trust is an excellent way to avoid probate and ensure your assets go to the people you want to have them. But many people unfortunately forget about transferring assets to the trust. Even if you are the trustee...

As a Single Female, Who Will Protect Your Assets?

Posted by Gregory Poulos | Mar 31, 2020 | 0 Comments

As an estate planning attorney, I receive all kinds of questions regarding passing on and protecting assets. Recently, I received a question from an older, single female. Jen is 57 years old, not married, has no children, and isn't close to any extended family members. For now, she manages her ow...

15 Steps for How to Create an Estate Plan

Posted by Gregory Poulos | Mar 24, 2020 | 0 Comments

Have you created an estate plan that lays out how you'd like your assets to transfer to your heirs when you die? If you're like 68% of Americans, you likely haven't. And that could leave your loved ones wrestling with probate court, which can be agonizing when they are already grieving your passi...

Will Your LLC Protect You?

Posted by Gregory Poulos | Jan 20, 2020 | 0 Comments

There's a reason it's called a “limited” liability company and not a “no liability” company. But just calling yourself an LLC and filing your articles of organization isn't enough. If something goes wrong, that LLC alone won't be enough to protect your personal assets. In fact, you may have compl...

How Does Arizona Divorce Law Affect Your Estate Plan?

Posted by Gregory Poulos | Dec 12, 2019 | 0 Comments

Many people come to me with questions about Arizona divorce law and what happens to their assets in the case of a divorce. Before anything else, I always suggest people change their beneficiary designations and rewrite wills, trusts, or estate plans in the case of divorce. However, accidents can ...

Getting Divorced? 8 Estate Planning Steps

Posted by Gregory Poulos | Nov 25, 2019 | 0 Comments

There are no two ways about it: getting divorced is an exceptionally emotional time. In addition to the emotional highs and lows, there are the legalities to address. You have an overwhelming number of decisions to make and things you should think about it. It's hard to even consider that list of...

What Is a Trust Protector?

Posted by Gregory Poulos | Nov 01, 2019 | 0 Comments

A trust is a way to help you control who will receive distributions of your wealth—on your terms. A well-crafted trust can preserve your legacy after you die, as well as help your family avoid the hassle of probate court. While you now understand this important legal document, the next question i...

How to Make Contract Changes and Amendments

Posted by Gregory Poulos | Oct 26, 2019 | 0 Comments

There are many advantages in using standard contract forms if you do similar or multiple transactions. Often, such forms have evolved from earlier litigation battles and the editing of legions of attorneys. While I often counsel clients who are presented with such contracts to have them reviewed ...

How Do I Leave Assets to Minor Children?

Posted by Gregory Poulos | Oct 18, 2019 | 0 Comments

What would happen to your young children should something happen to you? Have you named a guardian in your will? Have you created income streams or designated specific assets to see to their well-being into the future? If you want to leave assets to minor children, you need to plan for it now. Co...

What Does Financial Abuse of the Elderly Look Like?

Posted by Gregory Poulos | Oct 09, 2019 | 0 Comments

When you think of financial abuse of the elderly, you may have certain images that come to mind. Perhaps it's the greedy nephew. Or a money-hungry elderly care provider. While not all instances look the same, one thing is certainly true: financial abuse of the elderly is becoming more common. Bab...

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