A revocable living trust is often created alongside a will. It allows you to name your trustee and transfer ownership of your property to them. By doing this, your trustee owns it, but you maintain control of the property while you are alive. Because the trust is...
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Why you need a new bank account when starting an LLC
Entrepreneurs take a lot of risks when they start a new business. The company could fail, leaving them with big debts they have no way of paying. A product could have issues that cause customer injuries, or an employee could file a lawsuit over alleged discrimination,...
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....
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...
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...
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...
Understanding advance health care directives
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...
Why you should aim to avoid probate
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...
As a property owner, should you allow subleasing?
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...