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 start your own dental practice from ground...
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 lost their lives this...
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 think about is avoiding capital gains taxes.I recently had...
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 business partners, legal issues, and money issues throw...
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 had made my wife the beneficiary. My life...
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 valued at over $25 Million.Unlike many actors who...
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 pass away, the family of the deceased may want to sell the...
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 your parents if they have planned...
Living Trust vs. a Standard Will
All too often I get asked why an individual or family would need a living trust if they already had a Will. Regardless of what you’ve probably heard, a Will may not be the best plan for you and your family. A Will does not avoid probate when you die. In order for the Will to be enforced, it must first be...