🔍 Question 1: Why should I settle vs. going to trial? Andrew provides insight into the advantages of settling a legal dispute and avoiding the time, expenses, and uncertainties of going to trial.
🔍 Question 2: Should I do an operating agreement for my existing LLCs? Andrew explains the importance of having an operating agreement for LLCs, especially when multiple partners are involved, to ensure a smooth transition and prevent potential conflicts.
🔍 Question 3: Should I move an inherited property into an LLC? Andrew discusses the considerations of transferring an inherited property into an LLC, including the potential benefits of asset protection and avoiding probate.
🔍 Question 4: Do I need an estate plan or just a power of attorney? Andrew clarifies the roles of an estate plan and powers of attorney, emphasizing the importance of having both to address various aspects of personal and financial matters.
🔍 Question 5: Can I use my trust for more than just owning a business? Andrew highlights the versatility of trusts, explaining how they can be utilized to manage various assets, including investments and personal property, in addition to owning a business.