A crucial part of a California estate plan is the advance health care directive. Even young adults who aren’t yet ready to consider who will inherit their property when they die and develop a full estate plan are wise to have an advance health care directive in...
Most likely, you already know how your estate will be shared out and who will get what once you are gone. You probably even have everything in a will, tucked somewhere safely. However, are you aware of the process everything will have to go through for your...
If you own commercial property to lease, you have to decide whether or not you will allow subleasing by a tenant. There is no right or wrong answer, but you should consider the totality of the circumstances when making your decision. Below are some pros and cons of...
There is usually money to be made in real estate if someone has the right skills. There are numerous ways for someone to capitalize on their existing resources by investing in residential real estate. Some people will buy properties to rent out to tenants, creating a...
All adults should have an estate plan in place so that their loved ones can distribute their assets when they pass away. The estate plan can also cover what you want for your end-of-life care. It’s imperative that these documents remain up-to-date since they’re what...
Most people who start a new business aim to grow that business as large and successful as possible. They may bank on its success for their retirement plan. When you hear stories about bigger companies coming in and buying out smaller businesses, you may immediately...
Gifting your assets to a trust is a better way of transferring wealth than giving it outright to your beneficiaries. With a dynasty trust, your family wealth is likely to benefit generations down the line, and it can be a useful estate planning tool for...
The most common way to pass a business on to your heirs is to leave it to all of them. This is what most business owners plan to do. A large part of the reason is just that it feels fair and doing so can avoid estate disputes. However, there are some serious...
As a landlord, you should be informed about the laws that apply to commercial leasing. You should be prepared for the time it will take to move in tenants and for time that may pass without tenants in your building. Not planning for the time it takes to lease out a...
You know that you can leave your heirs enough money that they’ll never have to work again. Their children may not ever have to work in their lives. You can give them a gift that most people can only dream of receiving. But is there a downside to doing so? Could that...
