Lifetime Asset Protection Trusts: Asset Protection for Your Child’s Inheritance—Part 2

If you’re planning to leave your children an inheritance of any amount, you likely want to do everything you can to protect what you leave behind from being lost or squandered.  While most attorneys will advise you to distribute the assets you’re leaving to your kids outright at specific ages and stages based on when you think they will be mature enough to handle an inheritance, there is a much better choice for Read More

Tax Implications of Purchase Price Allocation in Business Transactions

There are countless considerations businesses should address when merging with another company or acquiring one. Among these is the Purchase Price Allocation, which is the process by which an acquiring company distributes the sale amount into various assets and liabilities that have carried over from a target company. The buyer and seller often have different ideas on how to allocate the purchase price in addition to Read More

6 Steps to Select and Name the Right Guardians for Your Minor Children—Part 1

One of your most important responsibilities as a parent is to select and legally document guardians for your minor children. This doesn’t mean just naming godparents or trusting the grandparents will step in if necessary. It means consciously deciding who would raise your children if you cannot, and legally documenting your choices to make sure the people you chose know what to do if they’re ever called Read More

4 Year-End Tax-Saving Strategies for 2019

As we head towards the end of the year, we’re fast approaching the deadline to implement your family’s tax strategies for 2019. The Tax Cut and Jobs Act (TCJA) completely overhauled the tax code, and if you’ve yet to take full advantage of the benefits offered by the new tax law, now is the time to do so. To qualify for some TCJA tax benefits, you’ll need to act by December 31, so don’t wait to get started. The Read More

Lifetime Asset Protection Trusts: Asset Protection for Your Child’s Inheritance—Part 1

As a parent, you’re likely hoping to leave your children an inheritance. In fact, doing so may be one of the motivating factors driving your life’s work. But without taking the proper precautions, the wealth you pass on is at serious risk of being lost or squandered. In some instances, an inheritance can even wind up harming your children more than benefiting them.  Creating a Revocable Living Trust offers some Read More

To Trademark or Not to Trademark – What Should You Do?

When running a business, you have a lot to think about and you need to make sure everything is handled properly in order to succeed. One thing that many businesses don’t fully understand or take advantage of is trademark law. While everyone knows that the basic idea behind a trademark is to protect a logo, word, phrase, picture, or other item related to your business, most people don’t know when they should or Read More

Estate Planning for Business Owners: 4 Ways You Can Incorporate Your Business Interests Into Your Estate Plan

Estate planning, as a process, offers a wide range of flexible tools that you can use to plan for your personalized needs. For example, if you own a business, you can use your estate plan to specify what will happen to your business should you become incapacitated or pass away. This minimizes the amount of work and tough decisions for your beneficiaries, and may even help you keep your business out of probate. Read More

California Estate Planning: Who Gets Your Business If It’s Not In Your Estate Plan?

Estate planning can be overwhelming, and it gets even more complex if you own a business that needs to be distributed amongst loved ones and family members. Your estate plan should specifically include what you wish to happen to your business and what provisions should be made for beneficiaries who want to sell their portion of the business. If your business is not included in the estate plan, or your business does Read More

Filing For a Trademark in the United States? How This New Trademark Rule Affects You

In early August of 2019, the United States Patent and Trademark Office passed a new rule restricting applications for US trademarks by foreign applicants and registrants. If your trademark application was submitted prior to August 3, 2019 and is approved, this law does not affect you. If your application requires further action or is filed after August 3, 2019, you will need a US-licensed attorney. New Read More

Business Owners: Evenly Distribute Your Assets in Your Trust After You Pass

As a business owner, you need an estate plan that addresses the management and distribution of your business after you pass. Depending on the other assets you have, there are several ways you may choose to structure your estate to ensure that your children are treated equally during estate administration if you own a business. Planning for Your Largest Asset It’s essential to work with an estate planning lawyer Read More