Client Alerts

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 […]

Continue reading
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 […]

Continue reading
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 […]

Continue reading
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, […]

Continue reading
Orange County Business Journal

The Gender Gap in Retirement Planning

Despite all of the advances women have made in recent years when it comes to saving for retirement, women still lag behind men. Financial planners report that women often have a lower risk tolerance than men so they earn less on their investments. Women have a longer life expectancy and need more income to last through retirement. And generally speaking, women shoulder a disproportionate amount of responsibility caring for significant […]

Continue reading
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 […]

Continue reading
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 […]

Continue reading
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 […]

Continue reading
Client Alert

To avoid business probate problems, minimize unknowns

What is the most vulnerable time for a new and growing business? The answer varies depending on whom you ask. One school of thought, however, brackets the six months before and after the death of the business owner as the riskiest period. Considering that a business is often an owner’s most significant asset, continued smooth operation during this high-risk time deserves prioritizing – especially as the probate process is undertaken. […]

Continue reading
Client Alert

Tax Cuts and Jobs Act Update

In our recent Client Alert, we provided a summary of salient parts of the Tax Cuts and Jobs Act of 2017. Under the section Pass-Through Businesses, we wrote: “Pass-through income exceeding the $315,000/$157,000 thresholds receives no 20% deduction.” We misstated the phase out provisions. Here is what we should have stated: · If taxable income is less than $157,500 (single filer)/$315,000 (married filing jointly) the 20% deduction is fully available. […]

Continue reading