by Jason M. Gordon | Feb 23, 2025 | Inheritance, Estates, and Trusts
What is an Inter-Vivos Trust? An inter-vivos trust is a type of trust used in estate planning that highlights the distribution of properties according to the terms of the trust. An inter-vivos trust is created during the lifetime of the trustor, in this trust, a...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is an Amalgamation?Amalgamation is a consolidation of two entities to form a single entity. When two small businesses or companies are combined to form one, amalgamation has occurred. This is a little different from merger and acquisition in which an entity is...
by Jason M. Gordon | Feb 23, 2025 | Real Estate, Personal, & Intellectual Property
What are Closing Costs? Closing costs refer to fees or costs paid in a real estate transaction at the point of closing the deal. Closing costs are paid by either the seller and buyer of a real estate at the point when the title of the property is transferred to the...
by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management
What is an Affidavit of Loss? An affidavit of loss is a form that swears to the loss of a specified asset or assets. The form is filed with a company that will take action based upon the loss. For example, an affidavit of loss must be filed with the insurer before it...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Corporate Charter? A charter is a legal document authorized by a state to recognize the creation of a corporate business entity. Some states issue a Certificate of incorporation, rather than a charter. The charter generally bears the seal of the state of...
