After years of building success, you want to walk away from your business with peace of mind. Like many business owners in Beverly Hills, you might wonder, “Once I sell, could I still be held responsible for problems that come up later?” The short answer is yes unless...
Year: 2025
Irrevocable trusts are important parts of estate plans
Creating an estate plan requires you to carefully consider what you want to happen to your assets when you pass away. Having this plan in place provides your loved ones with clear instructions to follow, but you must also determine the best way to achieve your goals....
Is it tenants’ responsibility to repair commercial rental units?
Commercial leases in California differ greatly from residential agreements. Of course, landlords typically handle most maintenance in residential properties. However, the responsibilities in commercial leases can shift significantly to tenants. Knowing who is...
Joint ventures: How they differ from partnerships
A joint venture is a business arrangement where two or more parties come together to achieve a specific goal. Each party contributes something of value, such as money, skills or property. They then share in the risks and rewards of the project. Joint ventures are...
When should you review your estate plan?
If you’re making an estate plan and never review it, there’s no telling how accurate it’s going to be. You may believe that writing a will means your family has the guidance they need when you pass away, but it’s not necessarily helpful if all the documentation is...
How to legally end a lease in California
Dealing with lease termination in California requires careful attention to state laws and local regulations. Understanding these requirements upfront can save you time, money and potential legal headaches down the road. Understanding notice requirements as a tenant...
Vacation homes can become conflict triggers among siblings
Vacation homes are places where siblings grew up sharing memories and bonding during the holidays. However, when parents pass away and the home becomes part of their parents’ estate, it can quickly turn from a cherished family retreat into a source of tension. Without...
2 uses for a guardianship
A guardianship is a legal relationship where one person has the right to make decisions on another person‘s behalf. It can be an important thing to consider when making an estate plan. Ordinarily, only that individual has the legal authority to take certain steps, so...
Why is a special needs trust beneficial?
A special needs trust, in some ways, operates like any other type of trust. A person can create it when they are making their estate plan, and they can then use their assets to fund it. They can choose a beneficiary who will be able to obtain withdrawals from this...
Power of attorney for mental health
Mental health challenges can be unpredictable. Whether depression, bipolar disorder or another condition, there may come a time when you are unable to make decisions for yourself. In this case, you can leverage a power of attorney (POA) for mental health to offer...
