Picture this: a Massachusetts-based startup has developed a new software tool that automates customer service responses using proprietary algorithms. A larger tech company wants to integrate the tool into its own platform. Instead of selling the technology outright, the startup decides to license it. That decision could shape the company’s growth—and its...
Tracy A. Craig was quoted in WSJ Buy Side in an article focused on how to choose a life insurance beneficiary, and what to consider when naming an individual, a trust, an estate, or a charity. The piece highlights how beneficiary decisions can affect control, timing, and administration, especially when family circumstances...
Tracy A. Craig was quoted in WSJ Buy Side in an article examining how life insurance can be used as a strategic estate-planning tool. The piece discusses common planning objectives such as providing liquidity, supporting long-term family goals, and integrating policy design into a broader wealth and legacy plan.
As AI tools become more common in business for content creation, marketing, design, or automation, company owners need to understand how copyright law treats AI-generated content. Under current U.S. law, works created solely by AI generally cannot be copyrighted. However, content that combines meaningful human creativity with AI assistance may still...
A personal guarantee makes an individual personally responsible for a business loan if the business cannot repay it. This means the lender may pursue personal assets such as bank accounts, wages, or property to satisfy the debt. Before signing, business owners should understand how guarantees affect liability, how they can be...
Key Takeaways: Estate Planning for High-Net-Worth Individuals Without Heirs
Estate planning for individuals is about legacy, not default inheritance.
For many professionals in Massachusetts, particularly in technology, finance, and biotech, compensation often extends well beyond salary and annual bonuses. Restricted Stock Units (RSUs) and stock options frequently make up a substantial share of overall earnings. Dividing these assets in a divorce can be significantly more complicated than splitting a bank account....
