Some real estate investors are unlucky with a part of their portfolio. A freak weather event or an out-of-the-ordinary global event could lay waste to all their careful preparation. Yet, often the reason a real estate investment fails is down to the investors...
Year: 2024
Strategies to reduce generation-skipping transfer tax
When planning your estate, you intend to bequeath your beneficiaries the best possible inheritance while also minimizing the impact of taxes. Among the taxes you'd want to reduce is the generation-skipping transfer tax (GSTT). Understanding the various strategies that...
Planning for the possibility of incapacity, decline and dementia
The best estate plan possible doesn't just list someone's assets and name the people who should inherit those resources. Estate plans can also address future needs, including the possibility of incapacity later in life. A medical emergency like a stroke could put...
Important details to clarify in a commercial lease
A commercial lease can be a good solution to space concerns for startups and growing businesses. Leasing business space is more accessible and expedient than purchasing it, and rental arrangements offer companies more flexibility than ownership. That being said, the...
How can you pass your home to your adult children?
Transferring ownership of a home in California to adult children is a significant decision that involves various legal and financial considerations. Because your home is such a valuable asset, it’s imperative that you do this in a way that makes it easiest for them to...
Benefits of a POD account
A Payable On Death account, or a POD account, gives you a new option to transfer assets to others. You name a beneficiary on a bank account or another eligible financial account. When you pass away, the beneficiary provides the death certificate or notice to the...
Why succession planning is useful for your business
Business succession planning is closely related to estate planning. Many people consider it because they are passing a family business onto the next generation. They can certainly see the benefits for their immediate family members of having a clear, well-defined plan...
Factors that could invalidate a non-disclosure agreement
A non-disclosure agreement (NDA) can be an important tool in protecting your business trade secrets, confidential information and intellectual property from being disclosed to unauthorized parties. As legal documents, it helps to understand that mistakes can...
3 issues that could cancel a residential real estate closing
Both the seller and the buyer involved in a residential real estate transaction in California have an interest in completing a transaction in a timely manner. It can take weeks to plan for a move to a new home, and there are many other logistical challenges that...
