When designer Kate Spade and chef Anthony Bourdain passed away earlier this year, they each died living apart from their respective spouses. The fact that they were separated had a significant impact on the administration of their estates.Everything that has been...
Month: October 2018
Don’t take chances when creating your will in California
When you write your estate plan, you do it with the best of intentions to make everything easier for your family. Sometimes, it just doesn't work out that way. Instead of helping to guide your loved ones in a sad time, your estate plan could cause family discord if...
Even if you’re not an instant billionaire, get help with tax laws
We've heard a lot of enormous numbers thrown about lately when it comes to lottery jackpots. There's been $1.6 billion. How about $620 million? They're mind-blowing and life-changing numbers.They're also extremely taxable. While California doesn't tax lottery...
California woman loses appeal in probate case
A San Francisco woman whose father founded apparel companies The North Face and Esprit has lost her latest battle to gain some of the money from his estate.A California probate court already had ruled that her father's estate plan would stand, and the state Second...
What happens if you do not make a will in California
Estate planning is one task many people tend to put off indefinitely. When one puts it off for too long and passes away before making a will and other provisions, such as trusts, the probate court distributes the estate's assets in accordance with California's...
Make sure your pets are cared for after your death
Ask a new acquaintance if they have any children, and it isn't unusual to hear answers such as these."I have four children: two two-leggeds and two four-leggeds." "I have three fur babies."Yes, for many people, Fluffy and Fido are their children.We wrote recently in...
What’s the difference between a merger and an acquisition?
You often hear the terms lumped together: mergers and acquisitions.They mean different things, however, and as a California business owner, you'll want to be familiar with each. The goal of each, in theory, is they give the shareholders the greatest return on their...