Steps to Buying and Selling a Business
Steps to Buying and Selling a Business
Buying a business is much more complicated than simply handing over a sum of money and receiving a business in return. On the flip-side, a seller of a business must do a lot more than just receive a sum of money in exchange for a business. Buying or selling a business involves complex laws...
The Advantage of an Asset Protection Trust
The Advantage of an Asset Protection Trust
An asset protection trust is a tool that is used to hold assets in a separate vehicle so that they cannot be taken by creditors. When an issue arises that could result in a lawsuit, the party seeking compensation will try to sue the party with the deepest pockets. An asset protection...
Things Everyone Should Know About Estate Planning
Things Everyone Should Know About Estate Planning
Think about all the ways you try to protect your safety in day-to-day life – wearing a seatbelt when you are driving, making sure that the airbags in your vehicle function properly, having working smoke detectors in your home, and having renters/home insurance. These are just a...
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...