Longtime soap opera actor Kristoff St. John passed away last month, reportedly without a will, and now his oldest daughter has asked a California court to allow her to take over his affairs.The young woman, who was born in 1992, filed court documents in Los Angeles...
Blog
What can happen if your business partner divorces?
You're not getting a divorce, but your business partner is.You two own your business 50-50. You never invited their spouse into the business, but you still might wind up with a new partner. After all, in a community property state such as California, what belongs to...
Update your estate plan after these events
Do not assume that the estate plan you made five years ago -- or even the one you just made today -- is going to stand the test of time. Life changes. Things happen. The future is not always what you expected it to be. When facing significant changes, you absolutely...
New homeowners: Now is the time to make an estate plan
Buying a home is a significant milestone. This is likely one of the biggest purchases you will ever make in your lifetime. Not only is it a financially valuable asset, but it is also emotionally important. The fact that you now own a significant asset means you need...
The business steps doctors should take before retirement
You know that one day you'll retire and leave that medical practice you started in Northern California. You'll have more time for fishing. Or traveling. Or playing with the grandkids. It's great that you're thinking about a fun future. But have you thought about your...
Could your dog benefit from a pet trust in California?
We love our furry friends more than anything in the world, and as we grow older, they can become our primary companions in life. For this reason, many older California residents begin to worry about what will happen to their pets after they're gone, so they include...
How to approach an unsolicited offer for your business
You've been hard at work on your business for years, with your nose buried in spreadsheets and inventory and hiring. Then, one day, you get a call that could change your life. Someone wants to buy your business.Dollar signs and thoughts of enjoying your retirement on...
Protecting children, preventing conflict
There are many reasons to set up an estate plan. It can help you reduce the tax burden of the estate, it can give you more say in how your money is used and it can help you leave specific assets to specific people -- just to name a few benefits.However, two of the...
Does your estate plan fit your current situation?
Have you looked at the true value of your assets recently? If your business has been growing or if your land has increased in value, the figures might surprise you.In most cases, growth is a cause for celebration. However, if your estate plan uses outdated figures,...
5 tips to keep your estate out of California probate court
There's more to an estate plan than writing a will. In fact, a complete estate plan can transfer your financial and physical property to your heirs without your assets being subject to the California probate process.The purpose of probate is to make sure a will is...