Many people delay estate planning until a major life event forces them to think about the future. Marriage or divorce can impact finances and legal rights, requiring updates to wills and beneficiary designations. The birth or adoption of a child prompts parents to establish guardianship and financia...
Blog by info
Major Life Events That Prompt Estate Planning
03.14.25 09:21 AM - Comment(s)
Why Every Small Business Needs an Operating Agreement
03.13.25 01:45 PM - Comment(s)
At Schuitmaker Moraitis Law, we often see small business owners overlook one critical document—the operating agreement. Even for single-member LLCs, this agreement is essential. It defines ownership percentages, decision-making processes, and what happens if a member leaves or the business dissolves...
Restructuring an LLC After the Death of a Member
03.12.25 08:47 AM - Comment(s)
The death of an LLC member can significantly impact the business’s operations, ownership structure, and decision-making. How the company moves forward depends largely on its operating agreement. Many agreements outline what happens in such situations, whether the deceased member’s interest passes to...
The Hidden Dangers of DIY Estate Planning
03.11.25 08:22 AM - Comment(s)
In the digital age, many people turn to online templates and do-it-yourself (DIY) estate planning solutions in an effort to save time and money. While these options may seem convenient, they often come with significant risks that can lead to costly and unintended consequences for your loved ones. Es...
The Key Responsibilities of a Trustee
03.07.25 01:27 PM - Comment(s)
When someone is appointed as a trustee, they take on a significant legal and ethical responsibility to manage trust assets in the best interest of the beneficiaries. This is known as a fiduciary duty, which includes several key obligations. First, a trustee must act with loyalty, ensuring that all d...
