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Blogs

Scarborough Law is working hard behind the scenes at keeping you up to date with the ever changing by laws and latest news updates. When it comes to legal matters, laws and policies are ever changing. Staying informed is pivotal. Our blog publications help our clients stay in the know about changes that may affect them.

  • Published: July 31, 2019

Setting up your business as a corporation or limited liability company (LLC) is a crucial way to protect your personal assets from debts and other liabilities incurred by your business. The ability of a corporate entity, such as an S Corp or LLC, to separate and safeguard your personal assets is referred to as creating a “corporate veil.” When properly constructed and maintained, the corporate veil offers you vital personal liability protection from creditors, lawsuits, and other business disputes. That said, the personal liability protection offered by these business entities is not absolute. Indeed, there…Read More

  • Published: July 16, 2019

As more and more businesses take advantage of the numerous benefits of using independent contractors (ICs) in lieu of full-time employees, the line between worker classifications can get somewhat blurred. Understanding the difference between the two can be complex, but getting it right can be one of the most important business decisions you’ll ever make. This is true not only in terms of productivity and your bottom line, but misclassifying your workers can also cost you big-time in penalties, including fines, back taxes, and unpaid benefits. With so much on the line, you need to…Read More

  • Published: July 13, 2019

When you create your estate plan, the idea that one of your adult children would ever use their inheritance to bankroll a cult is probably something you’d never dream of, much less anticipate. Yet that’s exactly what 40-year-old Clare Bronfman, heiress to the multi-billion-dollar Seagram’s fortune, did with hers. In the end, with her inheritance—and the power that came with it—she was led her down a dark path that seems almost too outlandish to be true. In May, Clare pled guilty to felony charges of harboring an illegal alien and fraudulent use of a deceased…Read More

  • Published: July 8, 2019

In a recent Facebook post “Processes to go through with your parents before they die,” Daniel Schmachtenberger, founder of the Critical Path Institute, outlined seven simple exercises to use with your parents that can offer significant healing and completion for their life and yours. While Daniel shared these processes in the context of the impending death of a parent, the reality is that your parents are heading toward death, even if there is no official diagnosis. And starting these processes when mortality isn’t immediately on the table is even better.   Help them make a…Read More

  • Published: May 23, 2019

While most people assume only the uber wealthy need to worry about asset protection, those with less wealth and fewer assets may be at even greater risk. For example, if you’re a multi-millionaire, a $50,000 judgment against you might not be that big of a burden. But for a family with a modest income, home, and savings, it could be catastrophic. Asset protection planning isn’t something you can put off until something happens. Like all planning, to be effective, you must have asset protection strategies in place well before something happens. Plus, your asset protection…Read More

  • Published: May 9, 2019

 This is the first in an ongoing series of articles discussing the true costs and consequences of failed estate planning. The series highlights a few of the most common—and costly—planning mistakes we encounter with clients. If the series exposes any potential gaps or weak spots in your plan, meet with your Personal Family Lawyer to learn how to properly address them. When it comes to estate planning, most people automatically think about taking legal steps to ensure the right people inherit their stuff when they die. And these people aren’t wrong. Indeed, putting strategies in…Read More

  • Published: May 7, 2019

In the first part of this series, we discussed a couple of the most critical updates you must make to your estate plan if you’re getting divorced. Here, we’ll cover the last three of these must-do planning tasks. Because getting divorced can be overwhelming on so many different levels, updating your estate plan often takes a back seat to other seemingly more-pressing priorities. But failing to update your plan for divorce can have potentially tragic consequences, some of which you may have never even considered before. In fact, it’s critical that you update your plan…Read More

  • Published: April 25, 2019

Divorce can be traumatic for the whole family. Even if the process is amicable, it involves many tough decisions, legal hassles, and painful emotions that can drag out over several months, or even years. That said, while you probably don’t want to add any more items to your to-do list during this trying time, it’s absolutely critical that you review and update your estate plan—not only after the divorce is final, but as soon as possible once you know the split is inevitable. Even after you file for divorce, your marriage is legally in full…Read More

  • Published: April 22, 2019

One of the most common phone calls I receive is “I’m going on vacation tomorrow and need a will.”  Going on vacation entails lots of planning: packing luggage, buying plane tickets, making hotel reservations, and confirming rental vehicles. But one thing many people forget to do is plan for the worst. Traveling, especially in foreign destinations, means you’ll likely be at greater risk than usual for illness, injury, and even death. In light of this reality, estate planning and vacation time can go hand-in-hand.  You must have a legally sound and updated estate plan in…Read More

  • Published: April 12, 2019

In the first part of this series, we discussed the first three of six questions you should ask yourself when selecting a life insurance beneficiary. Here we cover the final half 4. Are any of your beneficiaries minors? While you’re technically allowed to name a minor as the beneficiary of your life insurance policy, it’s a bad idea to do so. Insurance carriers will not allow a minor child to receive the insurance benefits directly until they reach the age of majority—which can be as old as 21 depending on the state. If you have…Read More

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