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Tara Cheever
189 followers -
Estate Planning Attorney
Estate Planning Attorney

189 followers
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The rise of the “gig economy” has led to a dramatic increase in the number of businesses using independent contractors (IC) instead of traditional W2 employees. At the same time, there’s been a sharp rise in the number of companies being penalized and/or sued for misclassifying workers as ICs.
#cheeverlaw #taracheever #corporatelaw #employees #employeesversusindependentcontractors
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When starting a new business, it is important to learn how to structure, form and protect your new business with the help from a professional, rather than trying to go at it alone.
#cheeverlaw #taracheever #corporatelaw #llc #corporations #newbusiness
https://estateplanninglawyersandiego.com/llc-versus-s-corporation/
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When you establish a Trust, you name someone to be the Trustee. Generally, you are the Initial Trustee for your Revocable Living Trust. A Successor Trustee steps in your shoes in the event of your incapacity and at your death. That person does what you do right now with your financial affairs – collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate records, and generally keep things organized and in good order.
#estateplanning #trusts #trustlawyer #wills #taracheever #cheeverlaw #trustee #successortrustee
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Retiring from your business can a tough decision. To ensure that what you have built continues on, there needs to be a plan for succession. For some people, they have spent years grooming a child or other family member to take over, wanting the business to stay in the family. Others look to sell to a third party for a quick way out that will also give them a nest egg for their next phase of life. However, there is a third option–transferring the business to your employees.
#estateplanning #trusts #wills #ESOP #businesssuccession #smallbusiness #cheeverlaw #taracheever
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One of the biggest appeals of cryptocurrency, like Bitcoin, is that it is decentralized, unregulated, and anonymous. There are no financial institutions controlling it, and unless you tell someone you own digital currency, it remains a secret.
When it comes to estate planning, however, that kind of secrecy can be disastrous. In fact, without the appropriate planning protections in place, all of your crypto wealth will disappear the moment you die or become incapacitated, leaving your family with absolutely no way to recover it.
#cryptocurrency #bitcoin #estateplanning #trusts #cheeverlaw #taracheever
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When it comes to estate planning, who will be ultimately in charge of your minor child is an important decision that requires consideration of many factors.
#estateplanning #trusts #wills #guardian #trustee #successortrustee #cheeverlaw #taracheever
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Unlike many estate assets, if you’re looking to collect the proceeds of a life insurance policy, the process is fairly simple provided you’re named as the beneficiary. That said, following a loved one’s death, the whole world can feel like it’s falling apart, and it’s helpful to know exactly what steps need to be taken to access the insurance funds as quickly and easily as possible during this trying time.
#estateplanning #trusts #wills #cheeverlaw #taracheever #lifeinsurance #death
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Being asked to serve as trustee can be a huge honor—but it’s also a major responsibility. Indeed, the job entails a wide array of complex duties, and trustees are both ethically and legally required to effectively execute those functions or face significant liability.

To this end, you should thoroughly understand exactly what your role as trustee requires before agreeing to accept the position. Last week, I highlighted three of a trustee’s primary functions, and here I continue with that list, starting with one of the most labor-intensive of all duties—managing and accounting for a trust’s assets. #cheeverlaw #trustee #successortrustee #trusts #wills #estateplanning
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If a friend or family member has asked you to serve as trustee for their trust upon their death, you should feel honored—this means they consider you among the most honest, reliable, and responsible people they know.

However, being a trustee is not only a great honor, it’s also a major responsibility. The job can entail a wide array of complex duties, and you’re both ethically and legally required to effectively execute those functions or face significant liability. Given this, agreeing to serve as trustee is a decision that shouldn’t be made lightly, and you should thoroughly understand exactly what the role requires before giving your answer.
#estateplanning #personalfamilylawyer #trustsandestates #trusts #wills #successortrustee #cheeverlaw
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When you are the owner of a business, planning for retirement requires proactivity and strategy. It’s not just the dizzying array of choices for retirement accounts, there’s also planning for the business itself. Who will run the business after your retirement? Additionally, your estate plan must integrate into your retirement and business transition strategy.
#estateplanning #businessowner #smallbusiness #businessplanning #retirement #trusts #wills #businesssuccession
https://estateplanninglawyersandiego.com/retirement-planning-for-business-owners/
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