Your Business Succession Strategies
Your business is likely one of your most valuable assets. For this reason, business succession planning is crucial when creating an estate plan. A business succession plan clearly defines who will take on which roles,…
What Is the Generation-Skipping Transfer Tax?
In this month’s newsletter, we provide a comprehensive understanding of the Generation-Skipping Transfer Tax and its implications. With each transfer of wealth, federal estate taxes are collected. Typically, money goes from spouses to children, then…
All About Intrafamily Loans
An intrafamily loan is a financial agreement between a family member who borrows money from a lending family member. These loans benefit children and grandchildren learning to be financially responsible but may have difficulty obtaining…
Division of Property for Unmarried Couples Post-Separation in California
By Justin J. Lee, Esq. It is common knowledge that California is a community property state. In community property states, spouses jointly own nearly all assets and debts acquired in marriage. Generally speaking, community property…
Beware! Nonlawyers Who Act Like Lawyers
Many people misinterpret estate planning as merely obtaining documents to show their wishes regarding the distribution of their assets after their passing. However, estate planning is much more intricate. Undoubtedly, estate planning is a multifaceted…
Shauna Anderson Is Featured in Orange Coast Magazine’s Annual Power Women Issue!
We’re thrilled to announce that our very own Shauna Anderson is featured in Orange Coast Magazine‘s annual Power Women special issue! Shauna’s exceptional leadership, skill, and unwavering determination to make a positive impact in Orange…
The Executor’s Role During Probate
When drafting a will, a crucial decision involves selecting the individual who will act as the executor of your estate. This person is the representative tasked with executing the instructions you provide in your will…
Explore Dynasty Trusts in Our Latest Newsletter
In our latest newsletter, we delve into the intricacies of dynasty trusts. If you have a high net worth, this is one of the best ways to protect your family and transfer your estate. However,…
Standing in Elder Financial Abuse Litigation
By David M. Huynh, Esq. All too often, a person may feel that an elderly loved one is clearly being taken advantage of by another – whether it be a friend, close family member, or…
Federal District Court Strikes Down CTA as Unconstitutional
The Lawsuit The National Small Business Association (NSBA), a non-profit representing over 65,000 businesses across the United States, filed a lawsuit against the US Department of the Treasury and Treasury Secretary Janet Yellen. They claimed…
All About Residuary Clauses
It can be difficult to meticulously catalog and address every possession in your will or trust. However, incorporating a thorough review process, seeking professional guidance, and including a residuary clause can help mitigate the likelihood…
This February Is the Time to Cultivate and Build Relationships
Our February newsletter delves into the realm of practical wisdom, guiding you through the intricacies of safeguarding your loved ones with straightforward estate planning tips. We also unravel the mysteries surrounding third-party waivers as our…
What Happens to Real Estate With a Mortgage When the Owner Passes?
Debt does not simply go away when the debtor passes, which is true of a mortgage. Therefore, the beneficiaries will inherit the property and the existing debt if a home still carries a loan. Various…
The Differences in Various Estate Law Attorney Specialties Explained
Estate planning attorneys, probate attorneys, and trust administration attorneys each fulfill vital yet distinct functions within the legal procedures related to legacy planning, asset distribution, and wealth preservation. Estate planning attorneys focus on creating a…