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Keep What You Have

mgarner  -  Jul 07, 2016  -  , , , , , , , , , , ,  -  Comments Off on Keep What You Have
The first step in talking about asset protection is to define what you want to be protected against. Most people think of lawsuits or creditors, but the risks are far broader than just those. We face risks from fire and flood, to tax liability, to business risks, to

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Estate Planning During a Divorce or Break-Up

mgarner  -  Aug 27, 2011  -  Comments Off on Estate Planning During a Divorce or Break-Up
If you are in the midst of a divorce or breakup, the last thing you want to do is make more decisions . . . or see another attorney.  However, making changes to your estate plan may be one of the most important actions you can take to protect yourself

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Multi-Generational Planning . . . In Reverse

mgarner  -  Aug 13, 2011  -  Comments Off on Multi-Generational Planning . . . In Reverse
Generally we think of multi-generational planning as moving from parent to child to grandchild, and so on.  Recently a trend has developed where savvy children are encouraging, and even funding, their parents and grandparents to plan or update their estate plans. Children are often concerned about protecting their inheritance from

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Title: Multiple Owners

mgarner  -  Jul 20, 2011  -  Comments Off on Title: Multiple Owners
In California more than one person can own a single piece of property (land, stock, bank accounts, cars, etc.)  When more than one person owns property there is a joint title.  Essentially there are 5 types of joint titles: Tenancy in Common Joint Tenancy (Joint Tenancy with Right of Survivorship)

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Property Funding

administrator  -  Jul 07, 2011  -  Comments Off on Property Funding
Who really owns your property? Ownership is generally governed by “title.” Take, for instance, your house. Is it held in just your name; in joint tenancy with others; in trust; as community property with your spouse? Title or ownership is key in transferring your assets to the people you want

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What titling property in your name means

administrator  -  Jul 06, 2011  -  Comments Off on What titling property in your name means
Owning property in your individual name, with the exception of assets that pass by contract or operation of law, will cause that property to go into probate on your death. For real property in California, there are three ways that title is generally held: As a Single Man or as

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If I have a trust, why do I need a Will?

administrator  -  Jun 29, 2011  -  Comments Off on If I have a trust, why do I need a Will?
After discussing the differences, merits and disadvantages in using a Trust-based or Will-based Foundational Estate plan most clients choose a Trust-based plan.  Then when I explain that their Trust-based plan comes with a Will I either get a quizzical look or a direct question as to why they still need

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Ever Considered a Pet Trust?

administrator  -  Jun 26, 2011  -  Comments Off on Ever Considered a Pet Trust?
Do you have a pet dog, cat or horse?  Are you concerned about what would happen to them if you died? If you live in California (or one of the other 40 states with similar laws) you can create a “Pet Trust.”  Passed in 2008, Probate Code section 15212 sets

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Keeping Your Business in the Family

administrator  -  Jun 23, 2011  -  Comments Off on Keeping Your Business in the Family
Starting, growing and managing a business is hard. Getting that business to the next generation is even harder. Add to the normal stress and difficulties of running a business the concerns about loss of control, reduction in income, family dynamics and the abilities of family members to carry on the

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