Open Source Contributors Need Wills

Open source licenses, as a practical matter, are treated as fire-and-forget by most developers. But what happens when the contributor dies? As a contributor, you usually have a copyright in the code that you created. That copyright came into existence automatically, and if you don’t do anything with it legally then the copyright will pass to …

Bad Wills Keep Kids Out of College

Fundamentally, good estate planning is spending a small part of your estate (typically less than 1%) to significantly reduce the harm that will occur if certain bad things (with risks much higher than 1%) occur. One great tool for this is the trust. There are lots of estate planning reasons for trusts. They can be …

Employee Classification and the Fair Labor Standards Act

Businesspeople at Conference Table

Business owners frequently make mistakes in classification of their employees. This is understandable because business owners have a great deal to do in keeping their business effective and profitable for their customers, their shareholders, and their employees. But it also creates substantial legal risk. In recent years, large groups of employees have even brought class …

The Right Idea

Light Bulb

The Right Idea A startup doesn’t start with an idea. Ideas are wonderful. If you live life thoughfully, you’ll probably have at least a half-dozen ideas that change the business habits of people you never even worked with. Maybe you mention a new product idea to an artist at a craft show, maybe you discuss …

When do you really want a will?

As I discussed in one of my earlier posts, there are times when discount wills are more appropriate than lawyers for making a will. For example, if we are very young and in a non-dangerous profession, don’t have significant assets, and nothing else is going on, we may prefer a discount will or simply to …