Entrepreneurs and business owners of San Diego may want to know more about the Limited Liability Company structure. Allowed by a state statute, an LLC is made up of members. These could be individuals, corporations, foreign entities or other LLCs. According to the...
lauren.king@thomsonreuters.com
LLC elections impact taxation specifics
State statutes in California and across the country allow for the formation of different types of business entities, including limited liability companies. The owners of a limited liability company are referred to as members. Ownership is generally not restricted, so...
Why someone might challenge a will
Generally speaking, probate courts in California and elsewhere in America stick as closely as possible to the words written in a will. However, it may be possible for an interested party to challenge the validity of the will. Statistically, a deceased person's spouse...
Who can contest a will
When a person dies with a will in California, the will must pass through probate court before any assets listed in the will are distributed to the identified beneficiaries. While the will is in probate court, any interested party can contest the validity of the will....
Are there advantages to going through probate?
As you plan your estate, you may hear about many strategies that can help you avoid probate, the legal process that oversees the distribution of an estate. However, avoiding probate is not the best option for every estate, and fear of probate can result in costly...
Estate planning is a must for businesses
California business owners have additional needs when it comes to estate planning. Owning a business presents further issues when it comes to business continuity. This goes along with the need for management of personal assets. As a result, the business owner's estate...
Getting started with estate planning
Southern Californians who own property may know that they want their loved ones to inherit their assets, but they may not know the best way to pass them on. Though wills are good for certain types of heirlooms, individuals in San Diego should determine whether it is...
Regular review of a will is valuable
Estate planning is a subject many people find easy to put off for another day, even though they realize it is one they should address. Those California residents who have begun the process by creating a will should be pleased with that accomplishment but also realize...
Don’t forget to review and update your estate plan
Your life rarely remains static. Your estate plan shouldn't be set in stone either. It's important to review your estate plan occasionally and to make any necessary updates to reflect your current situation. Reasons why you might wish to change your plan People make...
What happens if you die without a will?
Planning for your mortality is an unpleasant business. So unpleasant, in fact, that a majority of people will avoid estate planning in general. A 2017 survey revealed that only four out of ten adults have a will in place and that the most common reason for not having...
