Blog

20 Mar What is a “Trustee”?

Often while discussing "Trusts" you hear people say the word "trustee," but what is a Trustee? Or, better yet, who is the trustee? A “trustee” of a trust is the person that is assigned to hold onto the trust assets for the benefit of another person....

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06 Feb What Happens to an LLC Interest Upon Death?

An LLC is a Limited Liability Company which as discussed in the past is a legal entity having 1 or more members doing business together. Last month we discussed the basics of a limited liability company. For example, John owns a dog grooming business through...

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10 Jan What is an LLC?

What is an LLC? An LLC stands for “Limited Liability Company”. By definition a LLC is a legal entity having one or more individuals or entitles that come together to do business. The “owners” of the LLC are called “members” How does an LLC protect you? The member(s)...

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12 Dec Medi-Cal Recovery Law Changes

Medi-Cal Recovery. If you have no clue what that is or this is first time your hearing about it, you are not alone. In fact, a lot of people are unaware of this law and unfortunately get hit by it the worst. Current law in 2016...

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07 Nov How to Probate a Loved One’s Estate

Before we get into the details of probate, first we need to address the question of what is probate? Probate is the legal process of transferring property at a person’s death. In California if you die without a Will in place or with a Will in place, your estate will...

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13 Oct New California Digital Asset Law

Revised Uniform Fiduciary Access to Digital Assets Act On September 24, 2016, Governor Brown signed new legislation that addresses how digital assets are to be handled when someone passes away. Prior to this law, when a person passed away, there was no legal direction on how...

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08 Sep When Do I Need To Amend My Trust?

  You should periodically review your plan to make sure it is legally up to date and meets all of your wishes. The estate planning process is exactly that. It is a “process” and not a one time event. The following are some major life changes that...

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06 Jun Property Ownership Part 3: Tenancy in Common

Do you know how you hold ownership to your property? Most people are unaware of exactly the method by which they own their home or investment properties. This is troubling, because depending on how you took title to the property, you have different legal rights....

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