Posted by Anthony Senerchia Jr. | May 01, 2024 |
There's an often-overlooked option that not only provides immediate satisfaction but ensures long-term benefits for both you and your loved ones. In this blog, we'll discuss why estate planning is the best use of your tax refund.
Posted by Anthony Senerchia Jr. | Apr 24, 2024 |
Embarking on the entrepreneurial journey is akin to setting out on an uncharted adventure. It's filled with unknowns, challenges, and the occasional surprise twist. While physical fitness often gets the spotlight with its glossy gym selfies and trendy workout regimes, there's a quieter, more calc...
Posted by Anthony Senerchia Jr. | Apr 17, 2024 |
If you've been traveling around the sun for a while, you've no doubt heard of a Will, a document that says what happens to your money and belongings after you die. You may even have a Will or know you should get one. And maybe you've heard of a Trust and wondered what it is and how it works. You ...
Posted by Anthony Senerchia Jr. | Apr 10, 2024 |
An AI future is coming: Make sure your business is ready. The future is knocking on your door, and it's asking if you've met its friend, Artificial Intelligence (AI). For business owners, this isn't just a polite inquiry—it's a call to adapt or be left behind in the dust of progress.
Posted by Anthony Senerchia Jr. | Mar 27, 2024 |
When it comes to protecting your passion project, relying on legal templates instead of lawyers will leave you with a mess. Get personalized advice for success.
Posted by Anthony Senerchia Jr. | Mar 20, 2024 |
You may assume that in the event of your untimely passing, your children will automatically be cared for and inherit your assets. However, the reality can be far more complex and potentially unsettling.
Posted by Anthony Senerchia Jr. | Mar 13, 2024 |
Navigating your financial journey with the heavy burden of student loan debt on your back can feel overwhelming. You're faced with a critical decision: should you prioritize paying down those loans, or should you focus on the future, contributing to your workplace retirement plan? It's a tough ca...
Posted by Tony Senerchia Sr. | Mar 06, 2024 |
To ensure your business tax return goes as smoothly as possible, make sure to avoid these three common business tax mistakes.
Posted by Anthony Senerchia Jr. | Feb 28, 2024 |
You've put blood, sweat, and possibly a few tears into building your business from the ground up. You've got the vision, the drive, and the occasional coffee stain on your favorite tie. But have you thought about what happens to your business once you decide to hang up your entrepreneurial hat?
Posted by Anthony Senerchia Jr. | Feb 21, 2024 |
Discover the ultimate act of love: including your partner in your Will and Life & Legacy Planning. Ensure their future security and express your commitment today; put them in your will
Posted by Anthony Senerchia Jr. | Feb 14, 2024 |
Elevate your small business with open communication, professional branding, and business structures. Build client trust through professionalism and human connections. Schedule a 15-minute call to learn more.
Posted by Anthony Senerchia Jr. | Feb 07, 2024 |
Discover the essential estate planning conversations to have with your parents about assets, long-term care, and securing your family's future.
Posted by Anthony Senerchia Jr. | Jan 31, 2024 |
Life insurance is an important part of protecting your family's safety net, but if you don’t set it up the right way, there’s a good chance it won’t help your loved ones the way you want it to. Here’s what to do instead…
Posted by Anthony Senerchia Jr. | Jan 24, 2024 |
A Partnership can be a rewarding and efficient business model if set up the right way. Planning a partnership involves the crucial step of crafting a robust partnership agreement from day one.
Posted by Anthony Senerchia Jr. | Jan 17, 2024 |
This week, we explore the differences between hourly billing and flat fee billing for attorneys, and how these differences can affect the legal work you’re paying for. Read more…
Posted by Anthony Senerchia Jr. | Jan 10, 2024 |
As we welcome the New Year, filled with hope and resolutions for a brighter future, one commitment should be at the top of your list– creating a Kids Protection Plan™. Read more...
Posted by Anthony Senerchia Jr. | Dec 11, 2023 |
Are you taking appropriate steps to safeguard your company’s confidential information? In this blog, we explore why your business should consider incorporating NDAs into its operations to protect your company’s valuable secrets. Read more…
Posted by Anthony Senerchia Jr. | Dec 04, 2023 |
This week, I explain how the law affects retirement distributions for married couples, and why you need to be extra careful with your retirement planning if you’re part of a blended family
Posted by Anthony Senerchia Jr. | Nov 27, 2023 |
If you or your Trust own or manage a business, you’ll be required to report information about the company's ownership under the new Corporate Transparency Act. And if you, or your Trust, create a new company in 2024, that report could be due in as little as 30 days. In this blog, I’ll share how to get a year-long reporting extension for your new business, but you’ll need to act before the end of the year. Read more…
Posted by Anthony Senerchia Jr. | Nov 22, 2023 |
There’s a lot to know about Wills. You need to understand the difference between a Will and Living Will, how Wills should be executed, and how they can be modified, terminated, or challenged. You also need to understand the probate process and how that can affect the outcome of your estate planning goals.
Posted by Anthony Senerchia Jr. | Oct 20, 2023 |
A last will and testament in Rhode Island is a legal document instructing what should happen to your assets and property (known as your estate) at the time of your death. But it does not stop there. You can assign a guardian for children and appoint an executor for your estate, and much more. Over the course of a lifetime, however, many events create circumstances that require you to change your Will. You remarried. You had a falling out with a family member. You started a business. Your partner died. You got a divorce. You had another child.
Whatever the event is, you should change your Will to reflect the new circumstances. At The Law Offices of Senerchia & Sheehan, our estate planning attorney in Cranston believes in updating Wills on a regular basis so that they reflect the current situation in your life. If you have a Will and need to make changes to it, contact us online or at (401) 615-3880 to schedule a Free and learn more. In the meantime, here’s generally what you should know about changing Wills.
Posted by Tony Senerchia Sr. | Oct 13, 2023 |
Have a great business idea in Rhode Island that you need to put into action? Over the last few decades, startups have taken over, and some of the best are not limited to tech startups. They are in every industry, from health (e.g., Devoted Health) to consumer and retail (e.g., Juul Labs), e-commerce (e.g., goPuff), artificial intelligence (e.g., ByteDance), financial tech (e.g., Stripe), supply chain (e.g., Instacart) and more. Getting started with your startup business, however, is the hard part. There are laws and regulations that must be followed. Getting it right can mean either a solid foundation from which your business will grow or a rocky foundation from which your business may fail.
At The Law Offices of Senerchia & Sheehan, we want your startup to grow. Our startup attorney based in Cranston will help you get established with the best business structure for your idea while also meeting all your legal obligations to help you avoid future fines or potential lawsuits. Contact us at (401) 615-3880 to schedule a Free today.
Posted by Anthony Senerchia Jr. | Sep 29, 2023 |
Student loans are great because they help so many people further their education in Rhode Island and beyond. Upon graduation, though, they must pay back their loans. If they do not get well-paying jobs, then paying off the loans can be difficult. When a financial situation becomes difficult and bankruptcy seems like the only option, many debtors wonder if they can include student loans in their bankruptcy filing. Much confusion exists because student loans can be federal or private – the former typically cannot be discharged while the latter might be dischargeable.
At The Law Offices of Senerchia & Sheehan, our bankruptcy lawyer in Cranston helps clients considering bankruptcy understand what debt can and cannot be included and how to proceed properly and timely. Contact us at (401) 615-3880 to schedule a Free and move one step closer to financial independence.
Posted by Tony Senerchia Sr. | Sep 21, 2023 |
Trusts are a common tool used in Rhode Island estate plans. Wills are no longer the dominant method to secure property and assets for loved ones. Trusts, in fact, provide a number of benefits to the settlor or trustor – the person who creates the trust – while they are still alive, so in many ways, it makes sense to create a trust. The problem is this: appointing a trustee who will comply with the law, fulfill the terms of the trust, and always act in good faith. Appointing the right trustee is critical because they have many obligations to uphold.
Posted by Anthony Senerchia Jr. | Sep 08, 2023 |
Bankruptcy During a Divorce in Rhode Island
As a general rule, it’s best to keep divorce and bankruptcy proceedings separate, rather than filing for them at the same time. The crossover of assets between the two cases can drag out both proceedings, costing you more time, money, and stress.
A pending Chapter 7 or 13 bankruptcy can restrict a divorce court’s ability to divide your marital assets. Issues that typically arise during divorce proceedings, such as child support or alimony, may delay the finalization of a bankruptcy case.
There is also this, the two proceedings, even if filed at the same time, will likely not proceed along the same timeline. In the unlikely event the cases are pending simultaneously, your bankruptcy case will be suspended until the divorce court apportions debt and assets to each party.
So, trying to do both at the same time will not work and does not provide any benefits that could outweigh the many disadvantages.