Plain-spoken answers to the questions families ask us. These articles are educational material, not legal advice, and shouldn’t be relied on as legal counsel.
You’ve done it! You’ve officially incorporated and now have your own company. Many of our clients come to us long after they have first incorporated, and ask for our help in making sure that they are complying with all of the rules and regulations that apply to California corporations.
We usually see Sofia Vergara, star of Modern Family, in the headlines for her beauty and fashion. Recently, however, we have been seeing her entangled in a legal mess with her former fiancé, Nick Loeb. While they were engaged, Sofia and Nick decided to have children via a surrogate.
Although Bitcoins have been around for about five years now, many have failed to properly address what to do with their Bitcoins in the event of their death. Does it simply pass to your spouse? Your heirs? Do they need specific paperwork?
The death of Robin Williams shocked and saddened many. Following his death, what should have been a simple estate administration, has turned into a longer ordeal than necessary for his family. Earlier we had written about blended families, and how we recommend properly identifying gifts you want to give specific family members.
I believe my readers have at least some familiarity with what the California Probate Court does and how it works. And others may have the benefit of experience in overseeing, or by just observing, an estate going through the probate process.
Every client is unique. No client is typical! You may very well read this blog and think, oh, none of this really applies to me. I don’t need an estate planning attorney.
Can an estate plan offer tax advantages? Kelly Phillips Erb, my favorite tax columnist in Forbes, recently reminded us that May 15 is just about here. For most of us, the tax deadline to know is April 15; for some, the business deadline for taxes is June 15.
Some people are good planners. Some people are good at procrastinating, or worrying, or otherwise avoiding things that we all know are the right things to do. And that leads me to the subject for this blog: how long does it take to create an estate plan?
Columnist Kelly Phillips Erb recently noted in Forbes that the IRS is aggressively pursuing the perpetrators of tax fraud and other related crimes, and that their “tally” for 2013 reached a new, higher total of those apprehended and prosecuted. Financial crime is still crime.
Having your own business can be very exciting. But it definitely comes with responsibility, including making sure you are legally compliant and protected at all times. Below are three potential pitfalls to be aware of when running your own business. 1. Choosing the Wrong Legal Entity Many businesses start as sole proprietorships or partnerships.
Charitable trusts can be an essential element of estate planning. Your assets can be put to work in the future as well as proving beneficial in the present. There can be tax advantages as well.
Many of our clients have family businesses that have been in their families for generations. Although they work hard for their business to grow, one thought is not commonly discussed: a proper business succession plan.