Many entrepreneurs in Alberta who decide to buy businesses focus on nothing other than the price. Some think the success of the purchase depends on their ability to negotiate a better price. However, the lowest possible price might not be the most critical consideration. An important question is how much of his or her own funds the entrepreneur is willing to contribute to the purchase of the business because that might provide more leverage during negotiations, and encourage lenders to offer additional resources.
Estate planning can be a daunting process for anyone in Alberta without the guidance of legal counsel. One of the estate planning tools that can help accomplish certain goals is a living trust. This option allows a person to pass property ownership to beneficiaries immediately. Once established, a living trust can be modified throughout the testator's life, and because the trust owns the assets, it does not form part of the trustor's estate and is therefore not subject to probate.