Neal Rice's blog

Would you marry someone who didn’t share your values and vision for the future? Business partners are no different- follow these steps to get to know your potential partner before taking the plunge.

Photo Credit: Tim Gouw

You remember him from Saturday Night Live and Mrs. Doubtfire, but we can learn something about estate planning from Robin Williams, too. When he died unexpectedly last year, William's estate plan was out dated and unclear- leaving a mess behind for his family.

It's not just Robin Williams' who fell behind on his planning. Check out the Forbes magazine article below for estate planning lessons from other celebrities (including Casey Kasem, Phillip Seymore Hoffman and Michael Chrichton):

You may have executed a Will in the past, but does it meet your current needs? One of the most frequent questions I am asked is, “How often should I update my Will?” There is no definitive answer to that question, because Wills, Trusts and your Estate Plan need to be flexible to meet your changing circumstances, needs and desires.  Even so, here are five common reasons why you might need to update your plan:

It's been almost two years since we first opened our doors to meet clients' family and business legal needs.  We love helping our clients, and deliver highly personal service to meet the unique legal needs of businesses and families.  We're thankful that more business owners and families are turning to us all the time.  And we're growing so we can be sure to continue to serve our clients with personalized attention.  Attorney Neal Rice is pleased to announce that Viviana Peters has recently joined our firm as our Client Care Specialist, and that Paralegal Ashley Harrison continues to assist

Benjamin Franklin once said "Tell me and I forget, teach me and I may remember, involve me and I will learn." I recently had the privilege of meeting with residents of Landis Homes through a program called, Pathways Institute for Lifelong Learning. We had a great time together, with a lively, interactive discussion about estate planning and related legal issues.  It was my honor to be a part of the Pathways program.

We recently had the privilege of sponsoring a table at North Star Initiative's first annual dinner theater: "Restoring the One".  North Star's mission is "Restoring women from trafficking: For Freedom. For Life.

Have you ever purchased or sold a business? How about a piece of commercial real estate?  If so, you have probably seen a Letter of Intent.  The purpose of a Letter of Intent is to outline the basic terms of a transaction in order to create a framework for the deal to proceed towards a formal agreement and closing.  However, the language of a Letter of Intent, and the actions of the parties, can have serious unintended consequences.

Did you know that when two or more people own the same property, there are actually three different ways that ownership can be titled?  Depending on which of those three types of ownership is in effect, the joint owners can have different rights and protections as it relates to the property.  In Pennsylvania – and some, but not all, other states – there is a special way that Husbands and Wives can hold property.  It is called “Tenants by the Entirety,” and it offers unique and important protections to married couples.  Here are two big advantages to owning property as Tenants by the Entiret

Estate Planning.  Sounds stuffy.  Not fun. For rich people only.   But, if you have young kids, then you really need to have the most basic part of an Estate Plan- a Will.

According to a U.S. Chamber of Commerce first quarter survey, the number one worry for American Small Business is the Affordable Care Act (“ACA”), known as Obamacare. With the main requirements of the ACA set to take effect next year, 2013 is a year for study, decision making, and preparation for businesses affected by the new law. There is no doubt that most business owners would love to provide great health insurance for their employees if it makes economic sense. After all, access to quality healthcare is a great thing!


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