Who should you choose to be your successor trustee? If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs. Eventually, someone else will need to step in when you are no…
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Creating a revocable trust gives you flexibility over your assets while you’re alive and also clearly states your intentions should you become incapacitated and unable to manage your affairs, as well as after your death.
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Have questions about how to start, manage, or operate a business? Confused about which laws apply to you? DeCarli Law can help. As business attorneys, we understand the challenges you face and can help you to achieve your goals.
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A written LLC operating agreement demonstrates that the entity is separate and apart from the member/owner. Without a written LLC operating agreement in place, the business looks like a sole proprietorship, with no liability protection.
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The bottom line is that you want to make your business plan stand out far above the rest. Your plan needs to be well thought out, organized, and unique.
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Even if you have a will, a house in California usually must go through probate. A trust avoids probate. California probate fees are set by statute and are set according to the value of the house regardless of the amount still owed on the house.
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Transfer on death or payable on death accounts sound great at first glance - exactly because they are so easy to set up. However, there may be problems ahead for your beneficiaries if their circumstances change in any way.
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You have just signed the paperwork on what is probably your most valuable asset. Now is the time to protect that asset for your family. In California, probate fees are based on the value of the house – whether or not you owe money on a mortgage!
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We often meet unmarried, and newly-married, clients whose property titles are in disarray and may not reflect the needs of their current arrangement. We can help sort out these details . . .
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Advantages of a Revocable Living Trust Over a Simple Will
Most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometim…
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