Today, we store many essential aspects of our lives in digital formats. Many important things are online. This includes bank accounts, crypto wallets, social media accounts, personal files, and family photos. But, Californians often overlook these assets in their estate plans. This oversight can leave loved ones unable to access critical accounts. Understanding Digital Assets […]
The Legal Blog
Should I Create an LLC for My Rental Property in California?
Generating steady rental income via your new real estate venture sure sounds appealing, But before visions of carefree cash flow flood your mind, we need to have a quick conversation about properly structuring your rental business. Owning investment property that tenants lease/rent from you creates legal and tax implications that you don’t have to worry […]
Forming a Professional Corporation in California: What to Know
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 […]
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 […]