The Motley Fool

DECEMBER 8, 2023

This article is intended for educational purposes only and is not legal advice. You'll avoid the intestacy laws While wills still must clear probate in many states, a last will and testament provides vital legal documentation on dividing your assets and possessions the way you want. Here are three reasons.

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The Motley Fool

JUNE 22, 2024

The phrase "trust fund" might conjure images of a spoiled teenager, but trusts are powerful legal documents that many people should consider when estate planning. Essentially, an irrevocable trust allows the grantor to still use their assets, while legally making them the property of the trust.

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The Motley Fool

APRIL 18, 2024

Image source: Getty Images Lots of small business owners might not know this, but the federal government is requiring you to file some new documentation this year. Anyone who owns a small business with a legal entity, like a limited liability corporation (LLC) should pay attention to this new rule.

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The Motley Fool

SEPTEMBER 26, 2023

This article is intended for educational purposes only and is not legal advice. Some big advantages to a living trust Also known as a revocable trust , a living trust is a legal document that fulfills many of the same purposes as a traditional last will and testament. Image source: Getty Images. First is the initial cost.

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The Motley Fool

SEPTEMBER 4, 2023

This article is intended for educational purposes only and is not legal advice. A last will and testament is indeed a useful and binding legal document, long a traditional means for allocating assets, assigning guardianship for minor children, and specifying other last wishes. But is it the best way?

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The Motley Fool

FEBRUARY 2, 2024

A living trust is a legal arrangement where a trustor (whoever creates the trust) places assets -- whether money, investments, real estate, or whatever -- in a trust to be managed by a trustee for their chosen beneficiaries. Probates are good for legal oversight, but they can be time-consuming, with many taking months or years to complete.

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The Motley Fool

AUGUST 6, 2023

The distribution of wealth among beneficiaries through your final will and testament is often a complex and sensitive issue, one that can potentially spark conflicts and legal challenges among family members. Find someone experienced, reputable, and familiar with the nuances of your state and local probate courts.

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The Motley Fool

JULY 22, 2023

The industries that will be the most affected by AI-driven automation are "office and administrative support" and "legal." The former will likely be the most impacted at 46%, with common tasks such as data entry, scheduling meetings, and document management being taken over by AI automation. Industry Estimated Share of U.S.

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The Motley Fool

JULY 1, 2024

This article is intended for educational purposes only and is not legal advice. A living trust is a legal agreement you can establish during your lifetime, and also, control during your lifetime. Probate is the legal process of proving that a will is legitimate. For guidance on your personal situation, please contact a lawyer.

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The Motley Fool

DECEMBER 6, 2023

Get your paperwork right There are two major types of paperwork involved with a vehicle donation -- the documentation on the vehicle itself and the documentation you'll use to claim a tax deduction. You don't legally have to do this, but until someone else is listed on the title, the vehicle is your responsibility.

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The Motley Fool

JANUARY 22, 2024

Image source: Getty Images Small business owners have to deal with a few different types of legal compliance and document filing requirements throughout the year. But along with forming an LLC, filing annual reports for a corporation, or filing business tax returns, now there's a new one called "BOI."

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The Motley Fool

JULY 28, 2024

This article is intended for educational purposes only and is not legal advice. See, the will I put together is a valid legal document. For guidance on your personal situation, please contact a lawyer. Writing a will was, frankly, one of the more depressing things I had to do as an adult. But I knew it had to be done.

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The Motley Fool

MARCH 4, 2024

A living trust -- which is sometimes referred to as a revocable trust -- is a legal document that allows a trustor (the person creating the trust) to place assets into a trust that's managed by a trustee for the chosen beneficiary. Seeking advice from a legal professional can offer guidance tailored to your situation.

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The Motley Fool

AUGUST 12, 2023

It's not uncommon for family members to fight over inheritance, leading to prolonged legal battles and damaged relationships. One suggestion is for parents to include side letters in their wills that are not part of the legal document, which explain their intentions. This message serves as a final message to the children.

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The Motley Fool

OCTOBER 19, 2024

Instead, gather all relevant documents, including: Account statements: Know exactly how much you owe each creditor. Here is how to do it effectively: Find the right person: You'll need to speak with the appropriate representative within the company to negotiate, which could be someone in the legal department.

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The Motley Fool

FEBRUARY 12, 2024

This article is intended for educational purposes only and is not legal advice. It can be complicated and fraught with legalities and emotional issues that can make even the most straightforward processes murky. Note that for a trust to qualify under section 501(c)(3) of the Code, its organizing document must contain certain language."

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The Motley Fool

SEPTEMBER 11, 2024

Bitcoin was made to store monetary value for the long haul, and its design documents compare this ledger to physical gold. Where XRP might go after overcoming the SEC challenge XRP has long struggled in the shadow of a legal challenge from the U.S. The cryptocurrency did not skyrocket when this legal matter got its final verdict.

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The Motley Fool

MARCH 19, 2024

Basically, this is a legal document you pay the homeowners association to prepare before closing. Different parts of the association voted to impose the fines compared with the team that prepared the document. When I purchased my home, I got something called an estoppel. It lists all the outstanding monies due.

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The Motley Fool

DECEMBER 15, 2024

This article is intended for educational purposes only and is not legal advice. First and foremost, be sure that you have a will -- and perhaps a trust and other important estate-planning documents -- set up. For guidance on your personal situation, please contact a lawyer. He's led Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B)

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The Motley Fool

AUGUST 20, 2023

Even if you're not legally required to carry insurance coverage on your home once it's paid off, it's a worthwhile expense to continue paying. But you want to make sure you take the proper steps after so you don't continue making payments on the loan. You'll want to collect the necessary paperwork from your home loan lender.

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The Motley Fool

MARCH 31, 2024

This article is intended for educational purposes only and is not legal advice. That stands in contrast to a will, which is usually processed through a probate court, making it a public document. But is this legal instrument truly the optimal method for passing on your inheritance to your loved ones and your cherished causes?

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The Motley Fool

FEBRUARY 13, 2024

These legal documents specify precisely what's done with your assets in probate following your death. That's not just money and property -- it can also name beneficiaries or legal guardians for underage children.

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Ballast Advisors

JUNE 18, 2024

Join us as we delve into the tax strategy, legal documentation, and insurance coverage considerations needed to successfully balance the ownership of multiple residences for snowbirds. does not provide investment, tax, legal, or retirement advice or recommendations. Broadridge Investor Communication Solutions, Inc.

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The Motley Fool

JUNE 15, 2024

Having legal oversight during the distribution process can be useful to ensure fairness, but the cons of probate can sometimes outweigh the pros. When a will goes through the probate process, it becomes a public document accessible by anyone. The probate process can often take a long time to complete, sometimes months or years.

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The Motley Fool

NOVEMBER 30, 2023

With its AI products, UiPath can utilize legal documents, email communication, and other data to inform the RPA what should be input into various fields. Now, there is only so much one can automate without intelligent inputs, so UiPath is also making large investments in its artificial intelligence (AI) programs as well.

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The Motley Fool

AUGUST 3, 2024

It's a well-documented fact that companies committed to distributing their profits usually outperform companies that don't have a dividend program. Income-seeking investors like these types of businesses because they can legally avoid federal income taxes by distributing nearly everything they earn to shareholders as a dividend.

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The Motley Fool

JULY 9, 2024

Under BSA, banks became legally obligated to report any deposits or withdrawals over $10,000. However, if you really want to cover yourself, document how the money is spent or where it came from. To catch money launderers, drug dealers, and other bad players, they needed the help of financial institutions.

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The Motley Fool

MAY 30, 2024

For example, it might be used to authenticate legal documents, secure medical records, or verify a user's social media profile. Instead of trusting a central authority (such as a corporation or a government agency) to verify your ID, you may soon be able to use the Bitcoin blockchain to verify your ID. Is MicroStrategy a buy?

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The Motley Fool

JANUARY 14, 2024

A living trust is a legal arrangement that makes the inheritance process smoother, more private, and more efficient. When a will goes through the probate process, it becomes a public document that anyone can access. It's a common aspiration, including for myself. This is especially true for people without a living trust.

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The Motley Fool

JULY 19, 2024

Legal documentation: Draw up a legal contract that outlines all agreed-upon terms. This document should be drafted or reviewed by a lawyer to ensure it holds up legally and clearly defines the responsibilities of both parties. Confidence in their ability to meet payment obligations is key.

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The Motley Fool

MARCH 30, 2024

Although having legal oversight during the distribution process can be good for ensuring fairness, the cons of probate can sometimes outweigh the pros. This is especially true regarding a will because it becomes a public document accessible by anyone when it goes through the probate process.

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The Motley Fool

SEPTEMBER 27, 2023

Legal experts have noted that casualties between Russia and Ukraine are not automatically tantamount to genocide, unless there is an intention to wipe out an entire nation or ethnic group of people. "It Charter – the right to self-defense – and not genocide as the basis for its invasion of Ukraine in a letter to the U.N.

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The Motley Fool

JULY 5, 2024

While not strictly an AI company, UiPath uses AI to boost its software capabilities, such as mining data and understanding legal documents. Despite the name, it rarely involves actual robots. The recent plunge in UiPath's stock price largely stemmed from a mixed first-quarter earnings report. billion.

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The Motley Fool

JULY 28, 2023

Trust these basics A trust is a legal entity that holds assets for beneficiaries. The person who creates the trust appoints a trustee -- and that can be you and then someone you appoint to take over for you -- to manage the assets based on the exact instructions in the trust document. Image source: Getty Images.

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Hedgestone

JUNE 17, 2024

One of the most critical aspects of your preparation is understanding the essential Documents to Ask For When Buying a Business. Without these, you could miss crucial details about the financial health and legal status of your potential new venture! This guide will equip you with the know-how to gather all the necessary documents.

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The Motley Fool

NOVEMBER 25, 2023

This can include summarizing emails and drafting responses, generating updates from meetings, creating slide shows from existing documents, or even writing and debugging computer code -- and new use cases are dropping every day. Data and the ability to legally extract and train [AI systems] on data is a really important competitive advantage.

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The Motley Fool

JANUARY 1, 2024

Ripple Labs set out to defend its conduct to the very end, avoiding settlements in order to set a legal precedent through a proper trial. The parties have document-filing deadlines to meet over the next few months, leading up to a jury trial in the summer or fall of 2024. The final verdict of the SEC lawsuit will be game-changing.

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