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What the Tax Cuts and Jobs Act May Mean for Estate Planning

Posted on 7/23/2018 by in Estate Planning Tax Cuts

The latest tax reform made sweeping changes to the U.S. Tax Code. Learn more about what these changes may mean for estate planning.

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What Happens When a Business Contract Is Breached in California?

Posted on 6/6/2018 by in Business Law business contract

When two parties sign a contract, each is expected to carry out their end of the deal. But if one party fails to deliver, the other may pursue legal action.

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How Does SB 54 Affect Immigration in California?

Posted on 6/5/2018 by

Senate Bill 54 became law in California in January 2018. Find out how this new law affects immigration in California.

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TOP 3 TAX LAW CHANGES AFFECTING SMALL BUSINESSES

Posted on 3/9/2018 by in Business Law Taxes

On December 22, 2017, President Donald Trump signed a sweeping tax bill that changed taxes for nearly all Americans. While some of these changes affect individuals’ taxes, the top 3 changes that affect small businesses are as follows:

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PENALTIES FOR NOT FILING YOUR LLC OR CORPORATION STATEMENT OF INFORMATION

Posted on 11/10/2017 by in S corporation C corporation LLC Corporation Statement of Information

After forming LLCs or corporations, people often forget to properly manage the company.

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REVOCABLE TRUSTS FOR MARRIED COUPLES WITH A NON-CITIZEN SPOUSE

Posted on 9/27/2017 by in Estate Planning International Estate Planning Non-Citizen Estate Planning Immigration

Regardless of whether you and your spouse are U.S. citizens, you should set up an estate plan, which consists of an Trust, Advance Health Care Directive, Financial Power of Attorney, and Will. Non-citizens can inherit property from a U.S. citizen, but if your spouse is not a citizen your estate plan must be carefully drafted.

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WHAT IS A BUY-SELL AGREEMENT AND WHY EVERY BUSINESS NEEDS ONE

Posted on 8/30/2017 by in Business Law Buy-Sell Agreement

A Buy-Sell Agreement is a legally binding agreement between co-owners of a business that governs how a co-owner’s ownership interest is handled if that co-owner dies, is forced to leave the business, or chooses to leave the business.

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UNDERSTANDING THE CALIFORNIA UNIFORM FIDUCIARY ACCESS TO DIGITAL ASSETS ACT

Posted on 8/6/2017 by in Estate Planning Digital Assets

There is not currently any federal law regulating access to digital assets. The Revised Uniform Fiduciary Access to Digital Assets Act (UFADAA) took effect in California (California Bill AB-691) on January 1, 2017. The UFADAA allows you to give an executor, administrator, trustee, power of attorney agent, or court-appointed conservator authority over your digital assets upon death or incapacitation.

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REGISTER FOR A FREE WEBINAR: How Revocable Living Trusts Protect You and Your Family

Posted on 7/6/2017 by in Estate Planning Webinar

Attend a Free, Live Estate Planning Webinar from Anywhere! See the webinar schedule to register.

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5 Outrageous Lawsuits That Were Actually Won

Posted on 7/5/2017 by in Frivolous Lawsuits Asset Protection

You've probably watched the news and heard stories of people who’ve sued a company or person over something ridiculous. While it's not too often that these types of cases win, there are times when even the most outrageous lawsuits have ended in success. Some of them are a bit on the wild side when it comes to common sense and the end results.

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VALIDITY OF NON-COMPETE & NON-SOLICITATION CLAUSES IN CALIFORNIA

Posted on 6/29/2017 by in Business Law Non-Compete Non-Solicitation

Many business owners wish to include non-compete and non-solicitation clauses in contracts. A non-compete clause (or separate non-compete agreement) typically prohibits one party from competing against the other party for a specific duration after the contract ends. California courts frown upon non-compete clauses, and there are pitfalls when including these clauses in contracts.

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5 Advantages of Common Law Legal Systems

Posted on 6/23/2017 by in International Law Common Law System Common Law

Common law refers to the law made by judges and not the parliament. It's basically that law that develops organically in due course and is based on the accepted shared values and customs of society.

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MINIMIZE ESTATE TAXES USING IRREVOCABLE LIFE INSURANCE TRUSTS

Posted on 6/8/2017 by in Irrevocable Trust Trust Life Insurance ILIT Estate Taxes Taxes

An Irrevocable Life Insurance Trust (ILIT) is a very important estate planning tool that provides many benefits, the most beneficial of which is tax savings. An ILIT is an irrevocable (non-amendable) trust that is both the owner and the beneficiary of one or more life insurance policies.

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What to do if You're Injured on the Job

Posted on 5/25/2017 by in Workplace Injury

Workplace injuries are very common. Unfortunately, few workers know what to do if they are hurt. A workplace injury can be a complex matter, so it's a good idea to have something of a game-plan ready for what might happen. Below are three steps you should take after almost any kind of major workplace injury.

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THE FAMILY LLC – A UNIQUE ESTATE PLANNING TOOL

Posted on 4/26/2017 by in Entity Formation Estate Planning Business Law Family LLC LLC

A Family Limited Liability Company (FLLC) is a legal entity that serves as an estate planning tool. The main goals are to protect assets from creditors, provide management experience for younger generations, ensure who acquires a direct interest in the family business, prevent fragmentation of the family business and assets, and reduce estate and gift taxes.

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2017 CALIFORNIA EMPLOYMENT LAW UPDATE

Posted on 2/24/2017 by in Employment Law Business Law

This year the California Legislature added numerous new employment laws, most of which become effective on January 1, 2017. Most of these statutory laws impose new regulations on employers, while there was a recent decision in an important California Supreme Court case that affects employee meal/rest periods. This newsletter highlights a few of the new laws that employers should be aware of in 2017.

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Investment & Estate Planning Seminar

Posted on 2/13/2017 by in Estate Planning Seminar Investment

You are cordially invited to attend an investment seminar to learn about American Funds and estate planning.

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FREE WEBINAR: Revocable Living Trusts - Explaining the Benefits & Debunking the Myths

Posted on 1/11/2017 by in Estate Planning Webinar Seminar

Attend a Free, Live Estate Planning Webinar from Anywhere!

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SPRINGING VS. NON-SPRINGING POWERS OF ATTORNEY

Posted on 12/27/2016 by in Durable Powers of Attorney Estate Planning

If you do not have a Power of Attorney for Finance (“POA”) as a part of your estate plan when you become incapacitated, the results may be devastating. Your family will almost undoubtedly have to petition the court to establish a conservatorship to make financial decisions on your behalf (and medical decisions if you do not have an Advance Health Care Directive (“AHCD”).

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S-CORPORATIONS VS. C-CORPORATIONS

Posted on 12/27/2016 by in tax S corporation C corporation Entity Formation

What is the best legal structure for your business? While there is an assortment of different structures (corporation, limited liability company, partnership, etc.), it is first important to understand the difference between an S-corporation (“S-corp”) and C-corporation (“C-corp”).

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