Blog - Page 36 of 36 - Lawan Law Group, PLLC

ummil

Billionaire Banking Heir’s Cryptocurrency Fortune Disappears After His Death

In April 2018, billionaire Matthew Mellon flew by private jet to Cancun Mexico to check himself into drug rehab to deal with his addiction to opioid pain pills. But the 54-year-old heir to the Mellon Bank dynasty never made it to the rehab facility and was found dead in his hotel room after suffering an apparent heart attack days before he was due to check into the clinic. In addition to leaving behind three children, Matthew also left behind an estimated $500 million in XRP, a cryptocurrency. Problem is, at the time of his death, Mellon apparently had never bothered… View Post

ummil

Achieve Rapid, Sustainable Growth Using Outsourcing, Processes, and Technology

Growing your small business can be tricky. In fact, rapid growth can actually harm your company if you don’t plan properly. When you are first starting out, for instance, you may not have the revenue to hire the staff needed to handle the increased business that rapid growth brings, and trying to do everything on your own is neither effective nor efficient. At the same time, if your operation isn’t scaled properly, rapid growth can cause your costs and workload to quickly reach unmanageable levels, making growth unsustainable and even causing your company to implode. Fortunately, using a combination of… View Post

ummil

Estate Planning 101: Wills vs. Trusts

Wills and trusts are two of the most commonly used estate planning documents, and they form the foundation of most estate plans. While both documents are legal vehicles designed to distribute your assets to your loved ones upon your death, the way in which they work is quite different. From when they take effect and the property they cover to how they are administered, wills and trusts have some key differences that you need to consider when creating your estate plan. That said, when comparing the two documents, you won’t necessarily be choosing between one or the other—most plans include… View Post

ummil

How to Use Estate Planning to Leave a Legacy Beyond What You Own

Your estate is made up of everything you own, which includes your personal possessions as well as your home, a car, bank accounts, insurance, furniture and more. But your wealth is much more than just your financial assets. It includes your purposes, passions, family values, memories and stories that make up your personal legacy. The purpose of estate planning is to give you the control over how your estate is distributed to the people or organizations you care about, and to preserve your legacy for the next generation and beyond. Estate planning is also used for a number of other… View Post

ummil

About Ummi Lawan

Hello! I am Ummi Lawan, your neighborhood Personal Family Lawyer® and Creative Business Lawyer®. My Legacy and Business practice focuses on helping families and business owners enhance their lives today and secure their futures and the well being of their business. I am committed to guiding you through the often confusing maze of financial and legal decisions to create plans that ensure the well-being of your family and the accomplishment of cherished family goals. I am also committed to guiding you through the complexities of setting up and running a business by securing the Legal, insurance, financial and tax systems… View Post