Client Alerts

Client Alert

Why a trust might make sense for adult children

When you have a sizable estate, creating a trust for your minor children makes sense. It controls how the money is distributed and keeps the burden of money management off their small shoulders. When your child is an adult, creating a trust for him or her may not seem as necessary. However, being over the age of 18 does not guarantee your child is great with money. Even for someone […]

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Client Alert

Tips for a successful succession plan for your family business

Using a few strategies, you can have a smooth and conflict-free succession process: Choose an heir Ideally, you should start at least a decade before leaving — think about who you would like to take over. The next person to run your company will likely be within your company so start scouting out the real star employees of your ranks. Otherwise, you may look outside the business. Create a training […]

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Client Alert

Two ways charitable giving impacts your taxes

As you consider estate planning, you decide that one of your main goals is to leave much of your money to charity. It’s always been important to you, and you want to leave behind a legacy you can be proud of. At the same time, your goal is to reduce the amount of taxes you pay as much as possible. You want to do this legally, but you’re interested in […]

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Client Alert

Asset protections reduce risk for young businesses

Many people dream of opening their own businesses, but the smart ones realize there are a lot of risks in running one before they are overwhelmed. Mortgages on properties, debts to afford startup costs and outgoings for supplies can all take a toll on a young company. When a business includes even one asset or property, it’s time to protect it against these possible risks. No one wants cash flow […]

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Client Alert

Does your family business have an asset protection plan?

The vast majority of family businesses don’t have any kind of asset protection plan in place. This is unfortunate because without an asset protection plan set up, families, their life savings and the businesses that support them, are at risk of being destroyed in the event of a lawsuit. Whether the lawsuit is frivolous or not doesn’t seem to matter. Even a successful defense against a lawsuit could be costly […]

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Client Alert

Should I buy liability insurance as a part of my estate plan?

Imagine you’ve spent your entire life and career saving up for your future and your family’s future. Because of your hard work, sound investment choices and dedication to saving, you’ve amassed a considerable amount of wealth that you hope to pass on to your family through your estate plan one day. It’s important to realize, however, that all of your hard work and sacrifice could be wiped away in a […]

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Client Alert

What should your exit strategy be?

Part of being successful in business is knowing when to get out of the business. As such, having a solid exit strategy should be as much a priority for business owners as next year’s business plan. An exit strategy should include plans for how to minimize taxes when you actually sell the business. However, your tax minimization strategy may be different depending on who you sell the business to. Essentially, […]

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Client Alert

The many probate challenges of high value estates

Probate serves one primary purpose: to clearly define ownership of assets after a death. Within this purpose, the ideal is to provide an efficient and undisputed transfer of ownership. It is never as simple as handling a title or deed from one party to another. In truth, complex property requires complex transfers and a thorough review of pertinent laws. The legacy of James Brown is a clear example. Brown passed […]

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Client Alert

Common lawsuits that might threaten your business assets

Let’s face it, lawsuits have become incredibly common. New lawsuits pop up every day. Some are justified, and some are frivolous. But even the most frivolous lawsuit can cause businesses major time, effort and money–not to mention being a major headache. Even the savviest businesspeople face losing their assets to a lawsuit. In our increasingly litigious society, a lawsuit for the smallest issue could be just around the corner. These are some […]

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Client Alert

Could my husband walk away with half of my inheritance?

You and your husband tried to make your marriage work for as long as you could. But after several painful years, you are ready to divorce. There are several questions running through your mind about your children, your home and your finances. One of the most important financial questions that you will have to consider is what will happen to your inheritance. Many women in Silicon Valley who have received […]

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