Don't Let Your Retirement Account Get Cut in Half

Don't Let Your Retirement Account Get Cut in Half

Failing to make sure your estate planning is coordinated with your retirement planning can have serious adverse effects on your estate and its beneficiaries. At worst, you’re looking at a 50% excise tax staring you in the face.

Eligible Entities and "Check the Box" Treasury Regulations

Eligible Entities and "Check the Box" Treasury Regulations

California state law classification of a business entity is not always the same as the tax classification of an entity. Under the "check the box" treasury regulations, a business entity is classified either as a "per se" C-corporation or as an entity eligible to choose its tax classification (referred to as an eligible entity).

Estate Planning is Cheaper Than You Think

Estate Planning is Cheaper Than You Think

The cost of an estate plan is much lower than you think. Being a California resident, you likely know that it takes little more than a house with a mortgage and a checking account to to approach an estate value at more than $500,000.

Is It Legal? California's Cannabis Conflict

Is It Legal? California's Cannabis Conflict

The “Marijuana Boom” is officially taking place in various areas of the United States, particularly in the State of California, and in the wake of legislation being passed at the state and local levels legalizing marijuana to some degree or another. This blog post will discuss the effect of new legislation on Orange County and California businesses.

Startup Companies: Avoiding Key Legal Mistakes Checklist

Startup Companies: Avoiding Key Legal Mistakes Checklist

Now that you’ve formed your company and are open for business, there are some more legal items you’ll want to address so you don’t mistakenly run your business into the ground before it takes flight. This blog will discuss these key issues and should serve as a checklist of items to cover when starting your business.

Getting Your Business Up and Running: Post-formation Matters  

Getting Your Business Up and Running: Post-formation Matters  

As discussed in our previous blog post, forming an LLC can be simple, but deciding issues related to tax, liability, management and capital concerns are best left to an attorney. But figuring out and implementing a formation plan does not mean you’re ready for business. Once the LLC is formed, there are several things to do before it can begin conducting business. That will be our focus in this blog post.

Medi-Cal Planning: Eligibility and Recovery Liens

Medi-Cal Planning: Eligibility and Recovery Liens

Medi-Cal planning is often overlooked in estate plans. However, proper planning is important to ensure beneficiaries can qualify or maintain benefits and state recovery liens for benefits provided are avoided. In this blog post, we’ll first discuss the differences between Medi-Cal, Medicaid and Medicare. Next, we’ll explain Medi-Cal eligibility requirements and how to avoid a state recovery lien so you can plan smarter and understand these issues if they come up during trust administration.

Estate Planning: What You Need to Know, Part 4

Estate Planning: What You Need to Know, Part 4

In this fourth part of our series, Estate Planning: What You Need to Know, we’ll continue discussing what is often the most urgent concern among our clients: children. While part two of our series explained planning for incapacity and part three discussed ensuring your children are cared for after you’ve passed, this blog post will address specific, actionable steps you need to take to ensure your children are accounted for during incapacity.