Beverly Hills Legal Blog

Many business owners realize that having a plan for what happens with their company is a key component of the estate planning process. They often think it's critical for much the same reasons they'd want to have an estate plan in place for any other valuable assets....

Whether you run a construction company or operate a personal chef service that provides meals to clients, you are dependent on your vendors for your business to succeed. When someone doesn't deliver supplies you purchased or paid for, when they provide you with the...

Many people are diligent in managing their lives but drop the ball when it comes to properly planning what will happen when they pass away.  After spending a lifetime of earning and accumulating wealth, it would be an absolute travesty to not properly manage what...

A will is perhaps the most basic part of an estate plan, giving you the power to quickly and simply divide assets between your heirs. You can use it for cash assets, sentimental items, collections, real estate and much more. But what about a life insurance policy? If...

If you are about to rent out one of your commercial properties for the first time, it is essential to understand how to create a contract that will serve you well. Leasing a property can provide a good source of income. Yet, if you fail to have the correct contract in...

As someone who has significant assets, it makes sense that you want to do anything you can to pass those on to your heirs. Part of the process of passing on your assets includes finding someone to appoint as your financial power of attorney during life if you need...

Planning to pass your business to the next generation can be complicated. Other assets are far simpler, but you’re not just giving someone a business as a line in your estate plan. You need a complex business succession plan that really works for the company and for...