older parent and older child embracing each other.

Positive Reasons for Disinheriting a Child

The concept of disinheriting a child is one that commonly conjures up feelings of parental disapproval and broken relationships. However, while these are reasons for disinheritance, they aren’t the only ones. Sometimes there are positive reasons as to why a parent would disinherit his or her child. The Child is Financially Secure Enough When parents […]

  • Posted on: Oct 23 2020
  • By:

Elderly woman looking over estate plan

Has the Value of Your Estate Been Affected by COVID-19?

It’s safe to say that most of us have been significantly impacted by the coronavirus pandemic, which has caused the death and destruction of millions of businesses across the U.S. Things definitely look very different now than they did just half of a year ago. That’s why it’s so important that as we continue to […]

  • Posted on: Sep 24 2020
  • By:

Associates planning a startup business together with their devices

How Can You Plan for the Future of Your Business?

While the coronavirus pandemic has shattered much of a thriving U.S. economy leaving many businesses to struggle, small business owners especially continue to feel its full impact. Whereas they were once concerned with growth year over year, they now find themselves worried about staying afloat day-to-day.  Although the future remains quite uncertain, many small business […]

  • Posted on: Aug 17 2020
  • By:

Attorney discussing a revocable trust with client.

Revoking a Revocable Trust

When you create a trust, sometimes you do so with the ability to alter it at any time during your lifetime. Such a trust is known as “revocable.” A revocable trust, often referred to as a “living trust,” is a legal document generally used to transfer assets to one’s heirs in an effort to avoid […]

  • Posted on: Jul 20 2020
  • By:

Elderly woman working on her estate plan

Must Heirs Pay Off Their Loved One’s Debt?

As the coronavirus continues to cause an economic recession in the U.S., millions of Americans are accumulating debt and sharp losses in income. But for older Americans, this is not what they expected to leave for their children. If children or other heirs inherit bills when their parents or loved ones pass, are they required […]

  • Posted on: Jun 22 2020
  • By:

Tall skyscraper buildings.

What Is Unfair Business Practice in CA?

Despite the fact that everyone should utilize fair business practices, this is not always the case. Unfair business practices are prohibited under California law, and include things such as fraud and misrepresentation.  Unfair business practices consist of fraud, misrepresentation and any other unconscionable acts that a business may perform. These are often taken against consumers […]

  • Posted on: May 15 2020
  • By:

Person signing a contract

Estate Planning and Probate for Non-U.S. Citizens

The United States is made up of individuals from all over the world and is home to many non-U.S. citizens who live, work, and sometimes die in this country. So what happens when a non-U.S. citizen passes away in the U.S.?  Usually, there is nothing that stops such an individual’s estate from being distributed. Unfortunately, […]

  • Posted on: Apr 14 2020
  • By:

Business owners calculating their taxes based on FASB code.

New FASB Code May Negatively Impact Business Taxes

The Financial Account Standards Board (FASB) has replaced the Accounting Standards Codification (ASC) regarding property leases. The new standard, referred to as ASC 842 or ASU 2016-02, replaces the 40-year-old US GAAP leasing standard, often referred to as ASC 840.  ASC 842 was issued in February 2016 to help dis-incentivize businesses from leasing property rather […]

  • Posted on: Mar 13 2020
  • By:

Business man on phone

Business Formations, Where to Start?

You may have heard that Delaware is the best place to form your business entity. This is because the state has laws that favor business formations. Such laws have included: Most favorable franchise tax rules; Most pro-management from a legislative and judicial standpoint; Broader protection for board members against lawsuits initiated by shareholders on behalf […]

  • Posted on: Feb 11 2020
  • By:

Newlyweds after their wedding, hopeful for the future.

6 Things Every Newlywed Couple Should Consider in an Estate Plan

Marriage is a joining of two lives. From bank accounts to taxes, couples begin to combine their assets and benefits. But while most newlyweds think of many of these issues, few give thought to the creation of an estate plan. Contrary to popular belief, estate plans are not only for the rich or aged. In […]

  • Posted on: Jan 20 2020
  • By: