Archive for September, 2013

7 Secrets to Successful Settlements.

Big Picture=Effective Settlements Written by: Adam Breeding, Lake Norman Law Firm. I am a big believer in alternative dispute resolution (or ADR). There are a ton of great benefits to settling matters out of court – usually through a mediated settlement conference. But for mediation efforts to be successful, clients and their attorneys should keep these basic tips in mind: 1. Pay the extra bucks for a good mediator. No water-carriers. It is absolutely worth engaging a mediator who understands the issues, can think ... Read more

LLC- And All It’s Mighty Powers!

Learn the benefits and power of what an LLC can do for you and your business here in this Article. LLC BASICS Written by: Adam Breeding, Lake Norman Law Firm A limited liability company ( LLC ) offers protection from personal liability for business debts, just like a corporation. However, unlike a corporation, which must pay its own taxes, an LLC is a pass-through tax entity: The profits and losses of the business pass through to its owners, who report them on their personal ... Read more

Protect What You Earned!

Asset Protection and Corporate Formation The following article by asset protection guru – Robert J. Mintz from California – is very instructive to Lake Norman Law Firm clients, both those that are operating as an LLC, and those looking to utilize an LLC or other corporate form as an estate protection tool. We spend time with every client to ensure that they understand what Attorney Mintz is discussing – LLCs with all their might and utility are still prone to a crafty ... Read more

Family Law/Divorce 101

There is a lot to know about family law and divorce. Here are a few highlights on the topics to get you started. Absolute Divorce in North Carolina In North Carolina, if you have been a resident of the state for six months and physically separated from your spouse for more than one year (366 days or more), you are eligible to obtain an absolute divorce. A separation agreement or distribution of property is not required prior to obtaining the divorce, and such a ... Read more

Why Do I Need a Will?

One of the most common things that people neglect to do is secure a will. This article will address why you need a will and other frequently asked questions about Estate Planning. Why do I need a Will? A Will indicates to whom your property will pass upon your death, and how the property will be distributed. Most people have an idea as to who they would like to distribute property to upon their deaths, and a Will is the instrument that allows ... Read more