Articles Posted in Uncategorized

What Makes Family Business Lawyers™ Different from Other Business Lawyers?—part 2
The Lineage & Legacy Law Firm, PLLC Team

If you are thinking about hiring a lawyer to help with your business, you may be wondering why you should work with us, your Family Business Lawyerrather than a “traditional” business lawyer. What makes us so different from other lawyers? Last week, in part one of this series, we discussed what it’s like to work…

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What Makes Family Business Lawyers™ Different from Other Business Lawyers?—part 1
The Lineage & Legacy Law Firm, PLLC Team

If you are thinking about hiring a lawyer to help with your business, you may be wondering why you should work with us, your Family Business Lawyerrather than a “traditional” business lawyer. What makes us so different from other lawyers? The best way to explain how Family Business Lawyerfirms are different requires an explanation of…

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5 Common Estate Planning Concerns for Your Second (or More) Marriage
The Lineage & Legacy Law Firm, PLLC Team

With divorce occurring in roughly 50% of all marriages in the U.S. and life expectancy increasing every day, second—and even third—marriages are becoming quite common. And when people get remarried in mid-life and beyond, they often bring children from prior marriages into the mix. Such unions are often referred to as a “blended” family or…

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3 Solutions for Managing the Top Stressors of Business Ownership
The Lineage & Legacy Law Firm, PLLC Team

There are numerous advantages to running your own business: being your own boss, setting your own hours, getting to decide who you work with and what you work on. However, business ownership can also be one of the most stressful endeavors you’ll ever undertake in your life. While running your own company will inevitably have…

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What You Need to Know About Collecting Life Insurance Proceeds
The Lineage & Legacy Law Firm, PLLC Team

If you’re looking to collect life insurance proceeds as the policy’s beneficiary, the process is fairly simple. However, during the emotional period immediately following a loved one’s death, it can feel as if your entire world is falling apart, so it’s helpful to understand exactly what steps you need to take to access the insurance…

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Estate Planning FAQS for Lgbtq+ Couples
The Lineage & Legacy Law Firm, PLLC Team

As we are about to wrap up another Pride Month, the LGBTQ+ community faces an increasingly uncertain legal landscape. In the wake of the Supreme Court overturning Roe v. Wade , ending the recognition of a constitutional right to abortion, many are worried that other rights, especially those enjoyed by same-gender couples, might also be…

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Determining Reasonable Compensation for an S Corporation
The Lineage & Legacy Law Firm, PLLC Team

Outside of personal liability protection, one of the primary advantages of setting your business up as a Limited Liability Company (LLC) is flexibility in how your company is taxed. And many business owners elect to have their LLC taxed as an S Corporation (S-Corp) to save money on payroll taxes. By choosing to be taxed…

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3 Reasons Why Single Folks with No Children Need an Estate Plan
The Lineage & Legacy Law Firm, PLLC Team

These days, more and more young people are delaying—if not totally foregoing—a life that involves marriage and parenting. The lack of jobs, crushing student debt, multiple recessions, and the pandemic have pushed many young people into a life path that leaves little room for settling down with a partner and getting married—and even less room…

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