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…

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,...

Will My Parents’ Trust Assets Be Taken if They File for Bankruptcy? Continue reading…