Initially, only you, your trustee, and your attorney will see your will and trust. Naturally, most people do not want to share copies of their will and trust with their family, as it can lead to conflict. On the other hand, it could help reinforce your intentions...
Month: May 2023
Do you need to establish a blind trust?
Fusing the words “blind” and “trust” in relation to your assets sounds unsettling, but it actually makes sense in some situations. As the name suggests, a blind trust is a type of living trust when a grantor and their beneficiary are blind about how a third-party...
How does business structure impact taxes?
Business in California is booming. The State of California Employment Development Department states that during the second quarter of 2022, there are over 1.6 million businesses in the state. These range in size from having 1 to over 1,000 employees. Those who are...
What are the benefits of business succession planning?
No matter how successful a business is, one wrong move and an owner’s hard work comes tumbling down. This is why a business owner must ensure that the company is in the best hands, even if they are no longer in the picture. Succession planning benefits organizations,...