What Everyone Should Know About IRA Trusts
What Everyone Should Know About IRA Trusts
For most people, thinking about retiring is exciting. After years and years of hard work, you are finally able to spend your days relaxing and doing whatever you want. Without working, however, you no longer have a traditional income. This is where an individual retirement account (IRA)...
California Supreme Court Rules on Independent Contractor Definition
California Supreme Court Rules on Independent Contractor Definition
Recently, the California Supreme Court issued an opinion about the classification of individuals as either employers or independent contractors. In Dynamex Operations West, Inc. v. Superior Court of Los Angeles, the court reinterpreted existing case law...
What every Dentist should know about buying a practice
What every Dentist should know about buying a practice
You’ve just graduated from dental school and are ready to hit the ground running. There are several options available to you:(1) You can apply for a job working for a dental company such as Western Dental;(2) you can apply for a job at a preexisting dental office;(3) you can...
Estate Planning for Young Adults
Estate Planning for Young Adults
I am in my mid 30’s and as far as I am concerned my life is just beginning. I have been married for two years and my wife and I have an amazing, playful, loving, caring baby boy. However, as I look towards and plan for my future I can’t help but think of people that I knew my age or younger who...
What you should know before transferring property to your children
What you should know before transferring property to your children
What is a Step Up in Basis? and Why should I consider transferring property via a Trust?There are number of reasons to create a Trust. Some of them involve avoiding Probate; others may involve avoiding conflict between heirs. However, one that most people don’t...
Important Things to Consider Before Starting a New Business
Important Things to Consider Before Starting a New Business
As an attorney with a practice focusing on Business Law and Estate Planning, I have met a fair share of individuals who have started businesses without doing the proper legwork and without knowing what they were getting themselves into. Before long, problems with...
Estate Planning for New Parents and Parents-To-Be
Estate Planning for New Parents and Parents-To-Be
About a year ago a friend called me and asked if I wanted to join him on a skydiving trip. Two years ago I would have jumped at the opportunity, however this time there was something different. Before I answered him, I started to think about my life insurance policy and if I...
Paul Walker taught us about the importance of an Estate Plan
Paul Walker taught us about the importance of an Estate Plan
ON November 30th 2013, fans of the Fast and Furious series around the world were shocked to hear that Paul Walker had passed away in a car accident. At the time of his death, Walker was 40 years old, survived by his parents and a 15-year-old daughter and had an estate...
Business Owners – A buy sell agreement could save you a lot of trouble.
Business Owners – A buy sell agreement could save you a lot of trouble.
If you own a business and have business partners, you will likely need a unique approach to your Estate Planning. Depending on the type of business you own, the value of the shares of your business could be fairly considerable. If you or your partner were to...
Why parents and elderly NEED a living trust
Why parents and elderly NEED a living trust
The other day I was speaking with some of my friends and realized that many of them were unaware if their parents had a living trust. Having a conversation with a parent regarding a living trust is definitely not the easiest conversation that you will have. Essentially you are asking...