When a trustor drafts and executes a trust they install certain named persons as successor trustee(s) to serve in the absence of the initial trustee (usually the person creating the trust). No pun intended but you have to choose someone trustworthy to act. Unlike a will, a trust typically is not supervised by the court...
BANKRUPTCY EXPLAINED Whenever the economy suffers, the word bankruptcy gets tossed around. Anyone can experience trouble with finances including celebrities, athletes, politicians, business leaders and other prominent public figures. Every day on the news we hear reports of people (famous or not) dealing with financial problems stemming from divorce, medical conditions, mortgage foreclosure, credit problems,...
Another new year means new laws As we enter the new decade, California legislators have graced California with a multitude of new laws. Below are some of the most important (or interesting) laws that took effect on January 1, 2020. SB 3: Minimum wage Another pay hike is on the way for minimum wage workers....
Do you need an attorney? Like any good attorney will tell you the answer is “maybe” or “it depends.” First, there are certain entities that must be represented by an attorney before the Court. Examples would be Corporations, Limited Liability Companies, Trusts, and other similar entities. However, in most situations an individual is free to...
MONEY IS NOT ALWAYS THE ANSWER It appears that the growth of small businesses will continue to progress in 2020 as small businesses have generated more than 65% of the new jobs created in the U.S. since 1996. With every small business comes employees and employee issues. Every small business knows that a good employee...
Identifying Identity Theft during Tax Season Identity theft can be a frustrating obstacle during any time of the year, but specially frustrating during tax time. Tax-related identity theft occurs when someone uses a stolen Social Security number to file a tax return and claim a fraudulent refund. Nothing can be more frustrating than not being...
California small business owners are usually conscientious about the cost, at least the ones that desire to remain in business. Overhead is the killer of great ideas. Overhead consists of the cost of their necessary materials they need to manufacture their products or render their services, the cost of hiring and retaining qualified employees, and...
Entrepreneurs and small business owners are passionate, driven, and generally busy people. They are focused on many things, probably the most important being the everyday struggle of running their business. In the frantic haze of starting a business most focus on everything but the legal considerations of operating a business. The business, no matter, how...
Nearly every day in our office a potential client will call to inquire about obtaining a power of attorney for a loved one. First, we must understand what a power of attorney is, and what it can do, and not do – as the case may be. A power of attorney is a legal device...
A Probate Guardianship is a court proceeding in which a legal guardian is appointed by the probate court to protect the person or estate of a minor. A Probate Guardianship suspends (but does not end, as in adoption) parental legal rights. Probate Guardianship is granted by the court if the court finds that it is “necessary or...
