Business owners who fail to engage in business succession could find themselves in a dire situation if emergencies arise. This strategy is especially important to sole proprietors and small business owners because it authorizes a person to take control and keep the company afloat. Setting up a business succession plan isn’t difficult, but does necessitate […]
read morePeople who engage in strategic planning put together a portfolio of services that protect assets and transfer wealth at the end of life. Taking time to plan ahead can reduce estate taxes and ensure heirs receive inheritance without having to endure probate. If you’re like most, you feel overwhelmed by the task of strategic income […]
read morePreparing a Will and Testament is one of the best final acts a person can do for their family. Any time someone passes away without writing a Will their relatives have to make decisions they usually aren’t prepared for. Writing a Will and Testament isn’t a difficult process and offers many benefits. First of all, […]
read moreDeveloping a retirement plan has become more challenging in recent years. Countless people have lost much, if not all, of their life savings that was invested in the stock market or real estate. Many who planned ahead are now faced with starting over or trying to rebuild their retirement fund. People who have not yet […]
read morePeople are often unsure about using a California living trust, especially if they don’t own a lot of property. This estate planning strategy is a good way to keep assets out of probate and can also minimize or remove federal estate taxes. As with all estate planning methods a living trust offers benefits, but can […]
read morePeople find trusts one of the most confusing aspects of estate planning and with good reason. There are various kinds of trusts used to address individuals’ unique needs. Some are to protect inheritance for young children, others are needed for business owners, and yet others are setup to offset estate taxes. Most people setup trusts […]
read moreProbate is the process used to reconcile a person’s estate upon their death. It is necessary for recording the death and making certain financial obligations are satisfied according to state law. All assets that are not protected by a trust or transferred using assignment of beneficiaries are frozen until the estate is settled. Probate typically […]
read moreEstate planning involves taking steps to protect assets so they can be passed along to heirs upon death. The kind of planning required depends on the type of assets that are owned. Some possessions can be transferred by filling out a simple form while others involve more complex steps. One of the most important estate […]
read moreFamily law attorneys handle a variety of legal issues connected to families. They can help people with simple tasks, like making a legal name change, to complex issues such as divorce or criminal charges involving minor children. Anyone that needs services of family law attorneys on a long-term basis should meet with several law firms […]
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