One of the main benefits to forming a limited liability company or corporation is that the owners of the company are usually not personally responsible for the debts of the busness. There are exceptions to this general rule. First and foremost, if there is a personal guarantee for a business debt, then the personal guarantor…
Legal Articles
Probate: MO HealthNet Waiver
One of the main purposes of the probate estate administration process is to clear all of the decedent’s financial liabilities. This includes paying off any outstanding credit cards, taxes, bills, etc. As a general rule of thumb, these liabilities can only be recovered from the decedent’s estate. They typically do not pass on to any…