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All over the globe, there are sayings in various languages that roughly translate to “rags to rags in three generations.” What this means is that the first generation works hard and earns bundles of money, which the second generation subsequently squanders, leaving...
The sudden death of a business partner can shake your company's foundation. This tragic event can be emotionally and financially devastating. Beverly Hills business owners who prepare for these unforeseen circumstances can better safeguard their enterprises and...
An asset protection trust is designed to protect your wealth from creditors and lawsuits. When you establish an asset protection trust, it is irrevocable. This means that the money and possessions covered by it may not be removed or withdrawn. Therefore, if you are...
Short-term rentals have become more popular with platforms like Airbnb and Vrbo, which make it easy to rent out homes for a short time. But this trend can cause problems with local zoning rules. It's important for property owners to understand how short-term rentals...
A Non-Disclosure Agreement (NDA) is a critical tool for protecting sensitive business information, but not all NDAs hold up in court. Ensuring your NDA is enforceable requires careful drafting and compliance with key legal principles. Here are the essential...
It’s helpful to use a partnership agreement when you’re starting a new business with someone else. That relationship needs to be officially defined. This can help to prevent disputes or confusion in the future. But you may never have started a partnership before. What...
Estate planning for an art collection requires careful consideration to ensure your cherished pieces are handled according to your wishes. Many do not give it much thought, assuming it will stay in the family, but when the collection contains valuable pieces,...
California law requires property sellers to disclose certain information to potential buyers. These disclosures help buyers make informed decisions and protect them from unexpected issues after purchasing a property. However, sellers often face challenges in...
One of the tasks you should complete when making your estate plan is to name a power of attorney for your financial and legal affairs. They can step in to handle your affairs if you are unable to look after them yourself due to injury or illness. The position comes...
As your business grows and evolves, the structure you initially began with might no longer be effective or the best fit for your current needs. As such, you may want to consider changing your existing business structure to adapt to the changing times. Recognizing when...
