Despite being a loyal employee for many years, you’ve always had an entrepreneurial streak. Finally, you’ve generated an idea and come up with a viable business plan. You’re planning to launch a startup and you’re very excited about it. However, it’s not as simple as...
lauren.king@thomsonreuters.com
3 reasons beneficiaries may take legal action against a trustee
The role of a trustee is complex. They often need to manage property that people they personally know wants to access. They may spend years overseeing the investment and administration of trust assets, all for a relatively small amount of compensation set aside by the...
Should you pursue your latest business idea?
You’ve put in many years as a hard-working, loyal employee, but you’ve always had an urge to go it alone. You’re full of ideas, but many of them have fallen by the wayside. The latest idea of yours is different from the others though. You feel like it has legs and...
Circumstances that affect the legitimacy of someone’s will
Maybe you have already made your will or intend to do so. If so, then you have taken an important step toward ensuring that your assets are distributed according to your wishes after your death. That should give you some peace of mind. However, there are certain...
How do irrevocable and revocable trusts differ?
Trusts are an important aspect of the estate planning process. These are established in order to pass assets down to your beneficiaries without having to go through the probate process. There are several different types of trusts, but they all fall into one of two...
Setting Up a Special Needs Trust
You have worked hard for a very long time to be able to take care of your family. You want to protect and provide for them, including those with special needs. You may have someone close to you who has special needs and you may wish to set up a trust so that you...
Get started the right way when forming a business
For most people, the first step in starting a business is probably having the right “idea.” You have thought of a product or service that you think will be profitable – but, we all know that there is much more than that when it comes to starting and operating a...
To whom does a trustee ultimately have a fiduciary duty?
Accepting the role of trustee means taking on a lot of work. It also means assuming a fiduciary duty. The trustee managing a trust, controlling its assets and making distributions to beneficiaries will need to perform their duties appropriately and in a timely manner....
What to consider when selecting a trustee
A trust has a lot of responsibility in the administration of a trust, including a trust that is part of an estate plan. For that reason, estate planners should know what to take into account when selecting a trustee to administer their trust. Considerations when...
Three things to know about partnerships in California
New businesses are started daily across California. As readers of this legal blog may know, different businesses can take on different formations based on their needs and specific goals. One type of business formation plan that an entity can adopt is a partnership....
