Insights beyond estate planning and business law archives.
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.
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.
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 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.
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.
In this third blog post of our five-part series on the basics of estate planning, we’ll learn more about designing a clear path to success for your children with your estate plan --- who this planning involves, what it will accomplish, when and why we should be doing it in the first place, and how we can bring our plans to life.
You have worked hard for your money and carefully managed your assets. So it makes sense that you want to find the right balance to maximize control and protection of your assets upon your death. Even if you think you don’t, everyone has an estate and it is important to choose the proper planning mechanism to ensure your assets are distributed according to your wishes in an effective and efficient manner.
