We’ve talked about the importance of having a will and protecting your assets in a trust. When speaking of estate planning and of the people named to ensure our wishes are carried out there are many terms we use. Some people use the terms interchangeably. But...
BPE Law
5 Things You Probably Didn’t Know About Dentists
Most of us have been to a dentist. You may have anxiety about having your teeth drilled. Or you may, unlike Tom Hanks’s FedEx executive character Chuck Noland in the movie Cast Away, be ever thankful you have a dentist readily accessible to keep your pearly...
What happens if you die without a will?
Most of us plan to make a will, at some point. Some of us even think that it might be a good ideas to put the house or cabin in a trust. If we have kids under 18 we may have even, before a trip, thought about who should act as guardians if the unthinkable were to...
Eight basic elements of a business plan
In today’s competitive marketplace, it takes more than just a good idea to stand out in the crowd. Launching and managing a business is hard work, and it can be risky. The best defense is a good offense, and that starts with writing a business plan. A business...
Advantages and disadvantages to limited liability companies
Launching a small business is hard work and requires careful decision making. To build a successful company, you need to select a business structure that works best for you and your company. The structure you select will have long-term consequences on income, taxes...
How a succession plan can help ensure a successful future
Planning for your business’ future is key so that it can continue to grow and thrive even if you aren’t there to watch it do so. It’s also important to know that your business will be left in the hands of someone you trust. Part of that planning...
Estate planning is crucial when building a business
Nearly 60% of Americans are without a will or living trust, according to the AARP. While 81% of older adults (ages 53 and older) do have estate plans in place, an alarming 78% of millennials (ages 18 to 36) and 64% of Generation Xers (ages 37 to 52) do not have a plan...
Removing a trustee: Is it wise?
Administering a trust is a considerable responsibility. It can also be incredibly complex, especially in cases involving sophisticated assets, inadequate planning or thorny relationships with beneficiaries. In some situations, the trustee attempting to administer...
4 mistakes that could cause contract disputes
The backbone of a California business can be its relationships with other parties, including clients, consumers, vendors, partners and shareholders. And these relationships may be defined by a contractual agreement. Unfortunately, contract disputes can arise. Parties...
What is digital estate planning, and how can it benefit you?
There are many things to consider when planning your estate. One of the more overlooked areas in estate planning is digital estate planning. You may have accumulated many digital assets in your lifetime. If you would like to share these assets with your family or...
