Despite urban legends implying the opposite, the person selling you a house does not have to tell you that they believe there are poltergeists inhabiting the property. However, they do have to tell you about known defects with the property that will affect its value...
Year: 2022
Is charitable giving a part of your estate plan?
You drafted a will a year ago and it takes into account your spouse, children and other family members. You’ve even considered your closest friends. The people that matter to you most will be secure, no matter what happens in the future. However, a large part of your...
2 things to consider when naming someone to execute your estate
Finding the right person to execute your estate is not always easy, as you generally have no idea when that time will come. If you know you only have months to live, there are fewer uncertainties to consider. Otherwise, you just need to make the best guess you can....
Business succession planning starts now
If you're considering a business succession plan, it means that you have another person that you'd like to pass your business onto. This is likely one of your heirs and a direct relative. But there are also cases where a business owner gives the company to an employee...
A trust could save your estate a lot of money
When making your estate plans, the size of your estate is an important consideration you need to have at the back of your mind. It determines the amount of taxes that will apply to your estate. California does not impose estate taxes before an estate is distributed to...
How does estate planning help your family?
You’re unlikely to relish talking to your family about what happens should you become incapacitated. They are unlikely to look forward to this conversation either. However, it is a conversation that you all should certainly have. The benefits of estate planning far...
Disputes when switching real estate agents
When buyers work with the same team through the entire process of acquiring a piece of real estate property, it is usually fairly simple to determine how the commission should be paid. Real estate agents are paid commission based on the sale, and the details of this...
Is a spendthrift trust right for your beneficiary?
When it comes to leaving assets to your children, you may be unsure which direction to go. You want to ensure that they have what they need in the future. At the same time, you’re worried about your middle child, who tends to spend money with no thought of saving for...
A power of attorney helps you prepare for future incapacitation
Although powers of attorney offer protection to those incapacitated by illness or an injury, not enough people include them in their estate plans. Many people have a negative reaction to the idea of assigning power of attorney to others. However, drafting powers of...
How do you choose the right business partner?
Your business needs a solid plan upfront and you need to have a vision of what you want for the company. This way, all the steps that you take can work toward achieving this vision. One of those steps may be choosing a business partner to work with. If you do so, how...