Saturday, June 24, 2017

Guest Post: Tips on Co-Parenting Post-Divorce

March 6, 2012 by  
Filed under Estate Planning

Divorce Lawyer Tips on Co-Parenting Post-Divorce It is understandable that two people who get divorced might have less than positive feelings for one another. If their relationship was wonderful they would probably have not gotten divorced in first place. As a practicing divorce attorney I understand just how difficult it can be to put aside […]

What is an AB Trust?

September 16, 2010 by  
Filed under Estate Planning

Today’s Preventive Law Tip: Use an AB Trust in order to preserve your estate tax exemption upon the first spouse’s death. In 2011 the estate tax is scheduled to return with an exemption amount of only $1 million per person and a top tax rate of 55%. This gives  married couples a combined exemption of […]

Update Your Beneficiary Designations

May 20, 2010 by  
Filed under Estate Planning

Want to prevent your assets from going through probate?  Update your beneficiary designations.  This simple preventive measure can save your loved ones from the time-consuming and expensive hassles of probate.  Under California Law, assets which pass by beneficiary designation do not have to be included in your probate estate. This means that your bank accounts, […]

Divorced? Want To Take Care Of Your Kids But Not Your Ex?

March 4, 2010 by  
Filed under Estate Planning

Problem:  I want to leave everything to my only child when I die, but I am divorced and want to make sure that there is no way that my ex has access to my child’s inheritance. Solution:  Put your child’s inheritance in a trust for his benefit.  Here’s the deal, if you die and leave […]

Retirement Plan Trusts

February 25, 2010 by  
Filed under Estate Planning

Retirement Plan Inheritance Tax Problem If you have very large balances in your individual retirement accounts (IRA’s) and employer-sponsored retirement plans such as profit-sharing plans, 401(k) plans, 403(b) plans, 457(b) plans or defined benefit plans there could be huge tax consequences if your heirs decide to take a lump sum distribution of their inheritance.  If […]

Joint Tenancy to Avoid Probate in California? Don’t Do It

December 28, 2009 by  
Filed under Estate Planning

Today’s Preventive Law Tip: If you are considering deeding your property to your child to avoid the cost of probate in California, beware of potential consequences. Once your child’s name is on the deed, your home becomes an attachable asset to your child’s creditors.  If he/she gets sued or files for bankruptcy, it is an […]

Estate Planning Humor

November 19, 2009 by  
Filed under Estate Planning

*Courtesy of Utah Bar Journal

Necessary Agreements When You Start a Business With a Partner

November 16, 2009 by  
Filed under Business Law

Today’s Preventive Law Tip:  If you are going to have a partner or a couple of partners, get all your ducks in a row and put everything in writing  so you can avoid situations such as this one: “Two years ago I started a company with a partner.  I brought in 250k in inventory and […]

One Major Advantage of Having a Living Trust

October 20, 2009 by  
Filed under Estate Planning

One often overlooked advantage of having a Living Trust is incapacity planning.  As you get older or your parents age, there is a greater risk of not being able to handle your own affairs because of physical or mental health issues.  Additionally, there is always the risk of becoming injured in an accident and not […]

Dangers of Drafting A Contract Yourself

September 18, 2009 by  
Filed under Business Law

Today’s Preventive Law Tip:  If you are going to draft your own contract, you need to understand EVERY clause in it AND THE CONSEQUENCES. Many small business owners use readily available form contracts to enter into all types of business deals, from sales and purchases, to financing and leasing contracts.  While these forms offer a […]

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