Estate Planning & Business Law Blog
Helping you navigate an increasingly uncertain and complex legal environment, one insight at a time.
FEATURED IN ESTATE PLANNING
Live in Southern California? Having an Estate Plan is Cheap
The cost of an estate plan is much lower than you think. Being a California resident, you likely know that it takes little more than a house with a mortgage and a checking account to approach an estate value at more than $500,000.
LATEST ESTATE PLANNING INSIGHTS
Without a trust, probate is inevitable in California. That said, there are some probate alternatives. These alternatives to probate, if available, can transfer property in a decedent’s estate quicker and cheaper than a full, formal probate.
Estate planning is often put on the back-burner. Sometimes people never get around to it. However, planning ahead is important because doing so can save you thousands and thousands of dollars.
What is asset protection and how can it protect me and my beneficiaries from the claims of creditors? Put simply, asset protection is positioning your property in such a way so it is not subject to the claims of plaintiffs in lawsuits.
Failing to make sure your estate planning is coordinated with your retirement planning can have serious adverse effects on your estate and its beneficiaries. At worst, you’re looking at a 50% excise tax staring you in the face.
FEATURED IN BUSINESS LAW
Forming a California LLC
In this blog post, we'll discuss the steps you'll need to take to form a limited liability company. A later blog post will include post-formation issues that will need to be addressed before your company can begin operating.
LATEST BUSINESS LAW INSIGHTS
If you're thinking about forming a limited liability company or you have already done so, you likely have asked yourself, "Should I form my limited liability company in Delaware or California?" The answer to this question is almost always "it depends," but understanding the basics of the analysis is helpful.
California state law classification of a business entity is not always the same as the tax classification of an entity. Under the "check the box" treasury regulations, a business entity is classified either as a "per se" C-corporation or as an entity eligible to choose its tax classification (referred to as an eligible entity).
The first step when forming a business is to decide what type of entity is the best form for the business. Which entity is the best form depends on structure, liability, management and tax considerations. This blog post will focus on tax considerations.
The “Marijuana Boom” is officially taking place in various areas of the United States, particularly in the State of California, and in the wake of legislation being passed at the state and local levels legalizing marijuana to some degree or another. This blog post will discuss the effect of new legislation on Orange County and California businesses.
RECENT ESTATE PLANNING AND BUSINESS LAW INSIGHTS
Without a trust, probate is inevitable in California. That said, there are some probate alternatives. These alternatives to probate, if available, can transfer property in a decedent’s estate quicker and cheaper than a full, formal probate.
Estate planning is often put on the back-burner. Sometimes people never get around to it. However, planning ahead is important because doing so can save you thousands and thousands of dollars.
If you're thinking about forming a limited liability company or you have already done so, you likely have asked yourself, "Should I form my limited liability company in Delaware or California?" The answer to this question is almost always "it depends," but understanding the basics of the analysis is helpful.
What is asset protection and how can it protect me and my beneficiaries from the claims of creditors? Put simply, asset protection is positioning your property in such a way so it is not subject to the claims of plaintiffs in lawsuits.
Failing to make sure your estate planning is coordinated with your retirement planning can have serious adverse effects on your estate and its beneficiaries. At worst, you’re looking at a 50% excise tax staring you in the face.
California state law classification of a business entity is not always the same as the tax classification of an entity. Under the "check the box" treasury regulations, a business entity is classified either as a "per se" C-corporation or as an entity eligible to choose its tax classification (referred to as an eligible entity).
The first step when forming a business is to decide what type of entity is the best form for the business. Which entity is the best form depends on structure, liability, management and tax considerations. This blog post will focus on tax considerations.
The cost of an estate plan is much lower than you think. Being a California resident, you likely know that it takes little more than a house with a mortgage and a checking account to to approach an estate value at more than $500,000.
The “Marijuana Boom” is officially taking place in various areas of the United States, particularly in the State of California, and in the wake of legislation being passed at the state and local levels legalizing marijuana to some degree or another. This blog post will discuss the effect of new legislation on Orange County and California businesses.
Now that you’ve formed your company and are open for business, there are some more legal items you’ll want to address so you don’t mistakenly run your business into the ground before it takes flight. This blog will discuss these key issues and should serve as a checklist of items to cover when starting your business.
As discussed in our previous blog post, forming an LLC can be simple, but deciding issues related to tax, liability, management and capital concerns are best left to an attorney. But figuring out and implementing a formation plan does not mean you’re ready for business. Once the LLC is formed, there are several things to do before it can begin conducting business. That will be our focus in this blog post.
This blog post will discuss the steps you'll need to take to form a limited liability company. A later blog post will include post-formation issues that will need to be addressed before your company can begin operating.
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What's New
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Demand for wills and trusts is understandably surging. A deVere Group press release shows a 76% jump in demand in t… https://t.co/cOeg9sW6Xl
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Alternatives to Probate in California https://t.co/x7tZJC4AAC
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How to Protect Your Assets from Creditors with Estate Planning https://t.co/xSVakkRrJ9
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Don't Let Your Retirement Account Get Cut in Half https://t.co/l47hfFcLxX
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Choosing an Entity: Tax Considerations for California Businesses https://t.co/SkjFMu9gx7
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Estate Planning is Cheaper Than You Think https://t.co/yhYJ30L1kZ
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