So you’re a licensed professional in California—maybe an accountant, architect, therapist, or attorney—considering forming your own professional corporation. Smart move! Professional corporations come with appealing perks like liability protection and tax savings that regular corporations don’t offer. But you also take on additional regulations and paperwork. Before jumping in, let’s walk through what’s involved so […]
The Legal Blog
Keeping It in the Family: Business Succession Planning for Continuity
Keeping It in the Family: Business Succession Planning for Continuity Few legacies run as deeply or widely as family enterprises passed through generations. The business dynasties of Fords, Waltons, and Kochs dominate both headlines and communities. Yet for every storied dynasty lies a multitude of modest firms dissolved unceremoniously after founders step aside. One day […]
A Step-by-Step Guide for Setting Up a Trust Fund for Your Child
Hey parents – let’s talk trust funds. You want the best for your kids – obviously. And setting up a trust is one of the best ways to set them up for success down the road. Not only does it give you total control over how your assets get handed down, it also saves your […]
5 Tips to Avoid Probate in California and Protect Your Estate
Probate in California can be a long and costly process. But there are several ways you can avoid probate and transfer property to your heirs without going through the courts. Chico estate planning attorney Daniel Rodriguez outlines five key strategies to avoid probate in California. First off…What exactly does probate mean? Probate is the legal […]
Navigating the Probate Process in California: Understanding the Estate Settlement Timeline
Probate is the legal process of administering a deceased person’s estate when there is no trust in place. It involves identifying assets, paying debts, and distributing what’s left to the beneficiaries. The question often becomes… how long does it take to settle an estate? The probate timeline can vary greatly depending on the size and […]
What is an Estate Plan? Your California Estate Planning Guide
What is an estate plan? Estate planning may seem complex, but with the right guidance, it becomes a manageable process. Whether you’re considering how to distribute assets, minimize taxes, or designate a loved one to make financial decisions on your behalf, a California estate planning attorney can provide the necessary assistance. At Legal Norcal, we’re […]