Business Owners – Do You Have a Business Succession Plan?
Developing a business succession plan is an important step in the estate planning process. Business owners should have a comprehensive business succession plan that covers a variety of scenarios, including retirement, injury, illness, inheritance, and selling the business. A California asset protection attorney can help develop a plan for your business and guide...
Business Owners – Do You Have a Business Succession Plan? Continue reading…
Five Reasons to Plan in Advance for Medicaid Asset Protection
Many people assume they will live at home until their deaths and will not need long-term care. Other people assume they will not need long-term care for many years, so they have ample time to plan for nursing home care or assisted living. However, you never know when you may need long-term care. Depending...
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Will My Parents’ Trust Assets Be Taken if They File for Bankruptcy?
As a general rule, every asset that you own should be included as part of your bankruptcy estate. If your parents are filing bankruptcy, this rule will apply to them as well—unless they have a specific type of trust.
Children may be particularly interested in this issue because when parents file bankruptcy,...
Five Things You May Not Know About Asset Protection Strategies
You may not believe that you need asset planning right now; however, once you realize you need to protect your assets, it may be too late to do so. Our California asset protection lawyers utilize a variety of asset planning strategies to help our clients protect assets, including real estate, inheritance, liquid...