By

Kimberly Pray

2025 Mid-Year Estate Planning Review

Take a Moment to Protect What Matters Most: As we pass the halfway point of 2025, it’s the perfect time to review your estate plan to ensure it still reflects your goals, life changes, and financial situation. Estate planning is not a “set it and forget it” process, so regular check-ins can help prevent unintended...
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Have A Revocable “Living” Trust? Updates & Call to Action

Probate is the court process that happens after someone dies—and it can be time-consuming, expensive, and public. The good news? With proper planning, you can often avoid probate entirely. In this article, learn: - What probate is and why people try to avoid it; - The top tools to bypass probate (like revocable trusts, beneficiary...
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How to Compare Estate Planning Firms: More than Just a Price Tag

When evaluating estate planning services, it’s tempting to compare fees—but the true value of your plan lies in how well it actually works. A well-drafted will or trust can fail if assets are titled incorrectly or outdated beneficiary designations are overlooked. At Catalyst Law, we go beyond documents to ensure your estate plan aligns with...
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Protect Your Tax-Exempt Status and Avoid Personal Liability: A Guide for Boards of Directors Considering Compensation of Nonprofit Executives and Other Insiders

Nonprofit organizations need to make special considerations when determining fair and reasonable compensation for nonprofit executives, managers, founders, or board members (“Insiders”).
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Gratitude

Prior to wrapping up the firm’s weekly all-hands lunch meeting, we invite each other to share a gratitude with one or more members of the team. On any given day, one could feel grateful to loved ones, colleagues, mother nature, or simply life itself. Quite often, our team members extend gratitude to one another –...
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We are now a Certified B Corp!

Catalyst Law is thrilled to share that the firm is now a Certified B Corp! We are dedicated to serving our values-driven clients with high-quality and friendly legal services, while at the same time positively contributing to our community, remaining mindful of our impact on the environment, and ensuring that our firm’s practices are consistent...
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The Basics of a Good Estate Plan

I. Form of Ownership. A good estate plan should include a review of how your assets are titled.  The form of ownership can affect the availability of estate tax exemptions, creditors’ rights, and which document controls how the asset is distributed at your death. II. Last Will and Testament. A written Will is a legal...
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Social Enterprise

Part 1: Structuring a Social Enterprise: For-Profit Options

Choosing a Legal Structure for Your Social Enterprise At Catalyst Law, we define a “social enterprise” as any organization that has elements of “doing well financially by doing good.”  Under this definition, social enterprises can take many forms – from strictly for-profit businesses to nonprofit organizations, with several options in between.  This six-part series will...
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Zebras Dazzle and Innovate

A Dazzle of Zebras are Changing Business

A “zebra company” is one whose business model strives for both purpose and profit. We’re thrilled when we have an opportunity to help zebra companies develop the legal structure they need to have a dual-impact mission. And we are proud to be a zebra company ourselves, dazzling* brightly with the other zebra companies we know.  At...
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benefit company tax benefit

New Tax Benefit for Benefit Companies

Benefit companies now enjoy a new tax advantage over traditional corporate entity types. In October 2016, the IRS announced that benefit companies’ advertising expenses are deductible as a business expense, even when the payment is made to a nonprofit organization.[1] In 31 states, businesses have the option to incorporate a business as a “benefit company.”...
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Catalyst Law Blog

Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.

Kofi Annan

The information provided on this blog is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and timeliness of all content, laws change frequently and may vary by jurisdiction. You should not act or rely on any information found on this site without first seeking the advice of a qualified attorney who is familiar with your specific legal situation.

Reading or interacting with this blog does not create an attorney-client relationship between you and Catalyst Law, LLC or any of its attorneys. If you have questions about your personal circumstances, we encourage you to contact our office directly to schedule a consultation.

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Avoiding Probate: What You Need to Know
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