You may have started your company with the vision of passing it on to your family members. Perhaps you even inherited the business from a family member yourself. In any case, passing the business on to future generations is possible, but it can be challenging....
Disputes and conflicts sometimes lead to litigation. If the parties involved cannot agree with one another, they may want the courts to intervene. However, it can be very frustrating to wait to have a hearing in civil court. Many parties embroiled in a conflict will...
Taxes are often among the financial obligations people must settle during estate administration. In fact, tax responsibilities take priority over numerous other financial obligations during the probate process in California. Tax authorities have a stronger claim to...
The Medi-Cal program provides benefits to those who are eligible, focusing on providing low-cost health coverage or free coverage. Essentially, this is a way for those in difficult financial situations – such as those in low-income households or pregnant women who...
Family limited partnership sounds like one of those dry, financial terms that make you think of dusty ledgers and boardroom tables. In reality, it’s a handy tool for families looking to keep their business and assets intact across generations, while steering clear of...
You may be somewhat relieved to find a will in your loved one’s home after they passed away – especially if you feared they never got around to writing one. But what if you find more than one will? That’s the dilemma a lot of families face. Often, when there is more...
Certain situations may render an individual unable to manage their affairs. The need for someone else to step in can be emotionally and legally complicated. This is where a conservatorship comes into the picture. A conservatorship grants one individual the authority...
There are a host of reasons that California residents who are concerned about getting the care and services that they’ll likely need later in life may benefit from engaging in Medi-Cal planning. Making this effort proactively, for example, can help individuals to...
As a business owner who is doing your succession planning, you may be thinking of leaving your company to all of your adult children. You think of your business as a legacy, and it also provides a significant amount of income. You want to pass the business to all of...
Older adults often talk openly with their family members about what they plan to do with their property when they die. Those with bigger families and more valuable property frequently want their loved ones to know what to expect from their estates. For example, it is...