Planning an estate is often something people have to do multiple times during their lives. The circumstances you had when you were a young professional may be very different from those when you're getting ready to retire. As you age, you will likely acquire more...
Burlingame Legal Issues Blog
What Happens After Someone Contests a Trust?
As you review your loved one’s estate plan, you may have concerns about its provisions. They may have set up a trust that they thought would protect their assets. Yet, the trust document may exclude certain property or contain details that seem at odds with their...
Caring for your loved one with special needs
Your estate plan can serve many purposes. For a person who has a loved one with special needs, the estate plan can help care for them when you aren’t around to take on this responsibility yourself. One option that you have to do this is a special needs trust. Your...
Don’t forget your digital assets when estate planning
As more of our life goes online, it is essential to consider what happens to your digital life when you die. Your estate plan needs to cover your digital assets, not just your physical assets. What does this mean? Digital assets are anything stored digitally. These...
A partnership agreements could help avoid business disputes
When you started a business, you always knew that one business litigation case could be enough to bring your business to its knees. However, you did not expect the litigation to come from your Burlingame business partner. Many partnership disputes come about because...
Trustee have duty to protect assets that fund trusts
Naming someone as trustee is usually a sign that the person creating the trust believes that the trustee is an ethical and responsible person. They choose to put that person in a position of authority over their legacy, which might mean that they have control over...
Resolving partnership disputes with minimal business impact
There is very little chance that you and your business partner will always agree on what’s best for the company. When there is a partnership dispute present, the focus has to be on resolving it in a way that will disrupt the business as little as possible. There are...
Tips for handling a lawsuit against your company
Owning a company comes with risks, which are higher for some types of businesses than others. If you find out that your company is facing a lawsuit, you must ensure that you are prepared to handle it. Defending your business starts as soon as you know that there might...
How estate planning can reduce the negative impact of inheritance
The idea of being able to pass something on for the next generation is something people around the world strive for. However, for those with substantial assets, an inheritance could produce negative effects for the next generation. Children who grow up surrounded by...
Prepare your high-asset estate plan
Getting your estate plan in order is a big undertaking, especially when you have a higher net worth that encompasses a variety of assets. The higher the value of the estate, the more planning you may have to do. As of 2020, the exemption for having to pay federal...