Most people in California think that it's enough to have a will. However, wills only formalize your final wishes. Adding a trust to your estate plan can result in significant protections for your heirs. What is a trust? A trust is a legal entity that's created in...
The IRS conducts tax audits in California and all around the United States. On average, the IRS audits four out of every 1000 taxpayers. If you're chosen for an audit, you might get an IRS field audit. Here are a few things to keep in mind. The basics of an IRS field...
When a tenant moves out of a rental unit in California, the landlord and tenant have to resolve the matter of the tenant's security deposit. If the tenant hasn't broken the terms of the rental agreement, the landlord is obligated to return the security deposit....
The Inflation Protection Act has set aside a whopping 45.6 billion dollars to hire a slew of new IRS agents. How will this affect companies and organizations in California? Some believe the most impactful change this legislation will bring is to drastically increase...
Many acquisitions are doomed to failure because the purchasers failed to do appropriate research into the target. Luckily, most business leaders in California have enough sense to thoroughly investigate companies before they decide to merge or purchase them outright....
It might seem like a dispute is the end of a partnership, but it doesn't always have to be so. Here are some key ways that real business partnership issues have been resolved in California. What leads to a partnership dispute? Human beings are complex animals, and the...
When California residents pass away without a valid will, they are said to have "died intestate." This lengthens and often complicates the process of settling an estate. Appointing an administrator When someone writes a will, they designate an executor. The role of...
Special needs trusts allow you the option of providing loved ones with additional funds without causing them to lose their benefits from the government. This can help them pay for the increasing cost of living in California, without making them worry about losing...
Choosing an attorney-in-fact in California can impact the experience that you have in the last months or years of your life, and it can have an impact on the experiences of your children and other family members. If you're unsure of how to undergo the process, there...
Companies in California and throughout the country may agree to be acquired by other firms for various reasons. Occasionally, businesses are required to sell their assets in the future. However, there is also a chance that ownership changes hands without input or...