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Being the executor of someone’s estate is an honor – but it’s also a really big responsibility and a lot of work. Sometimes, the person chosen either can’t or won’t take on the role. Sometimes, the problem doesn't even arise until after the executor has already...
The biggest financial transaction of your life may involve buying or selling a home. Since most people aren’t particularly familiar with the process, it’s only natural to rely pretty heavily on your real estate agent’s guidance. You have every right to expect your...
Negotiating repairs sounds straightforward until a dispute arises. In California, these situations can become legally complicated very quickly. Whether the issue involves a rental property, a home purchase or a contractor dispute, the way you handle the process...
An LLC can provide a useful structure for owning and managing investment properties, such as a rental home or commercial building, particularly if you have co-owners or multiple investments. Before changing the deed, though, look at the property you already own. A...
One way to help ensure financial security for your family even after you pass away is to buy a significant life insurance policy. For high earners or wealthy families, life insurance policies could reach into the millions of dollars. These are very significant assets,...
In Beverly Hills, a trophy property can occupy an unusual place in a person's portfolio. A distinctive estate in a coveted neighborhood may have significant financial value, yet the reasons for owning it can extend well beyond potential appreciation. Privacy,...
A family business can bring people together, but planning for its future can raise difficult questions. Who should lead the company? Who should own it? Should family members have equal roles, even when their experience and goals differ? These questions can become more...
Most people with significant assets have read or heard about the “Great Wealth Transfer.” That’s the name commonly given to the estimated $124 trillion that Baby Boomers and those even older are projected to hand down to younger generations in the U.S. over the next...
When you own real estate in several states, your estate plan must account for the laws of each one, not just California. A Beverly Hills home, an out-of-state retreat and an investment property elsewhere can complicate more than travel. Knowing how multistate property...
Renting commercial space provides flexibility for business leaders. If a company fails or grows more rapidly than they expect, they can move on to a new location when the lease ends. They can also rely on the landlord to provide certain amenities, as well as...
