Blogs

Pros and Cons of Filing an Entity in Delaware It’s a common question from many San Diego entrepreneurs and start-up owners if they should file their entity in Delaware instead of California. They notice that many large companies are headquartered in Delaware. According to data provided by the...

Advanced Planning for Estate Tax Avoidance A provision in the Tax Cuts and Jobs Act (TCJA) doubled the federal estate tax exemption. In 2017, the individual estate tax exemption was $5.49 million. In 2021, the individual exemption is up to $11.7 million. However, the increase is...

Legacy Planning for Your Family Business Family businesses play an important role in our economy. According to data from the Family Business Alliance, there are 5.5 million family businesses in the United States. For perspective, approximately 60% of the entire U.S. workforce is employed...

Probate Process From A-Z Probate is the formal legal process during which a court oversees the administration of a deceased person’s estate. If there is a will, then its authenticity must be proven and its instructions must be interpreted. If there is not a will, then all remaining...

Importance of Asset Protection Trust for Medical Professionals The culture of lawsuits and suing each other has been growing at an alarming rate in the American society. According to official statistics, the number of civil suit filings in US district courts increased by 16.2% in the year of...

Differences and Pros and Cons between a California LLC v. a California Corporation A corporation or a Limited Liability Company (“LLC”) are usually formed to limit the liabilities on an individual basis. An LLC is generally seen as a less complex version of an entity. It is said so because...

Adoption and Inheritance Rights According to data provided by the Adoption Network, nearly 140,000 American children are adopted each year. While adoption is common, there is often confusion over the rights adopted children. You may be wondering: Do adopted children have the same...

Potential Reduction in Estate Tax Exemption in 2021 and What We Can Do About it As explained by the Internal Revenue Service (IRS), the estate tax is a tax on your right to transfer property at the time of your death. Only a small number of estates are subject to the estate tax. The...

Physicians and California Professional Corporations In California, physicians who want to incorporate their medical practice must do so by forming a special type of entity called a professional corporation (PC or P.C.). Physicians are not alone in this—other professionals such as...

Estate Planning for Same-Sex Couples LGBTQ couples have long faced some unique estate planning challenges. However, recent victories for marriage equality have helped to bring some additional fairness and simplicity. In the 2015 case of Obergefell v. Hodges, the Supreme Court of the United...