In the business world, profit maximization has long been the reigning king. But a new wave is rising, challenging the traditional model of shareholder primacy. At the forefront of this movement are businesses embracing stakeholder governance, a framework that holds them accountable to a broader spectrum of stakeholders, including workers, communities, customers, suppliers, and the …
Building a successful business takes dedication, passion, and a whole lot of hard work. But what happens when it’s time to step back and pass the torch? Without careful planning, your legacy could suffer the fate of a forgotten office on vacation—dusty, out of touch, and eventually irrelevant. That’s where succession planning comes in, the …
Don’t Let Your Legacy Go On Break: Succession Planning for a Thriving Business Read More »
Picture this: the golden California sun warming your face, a gentle breeze carrying the scent of orange blossoms, and the knowledge that your legacy is secure and flowing exactly as you envisioned. Sounds pretty idyllic, right? Well, it can be, thanks to the powerful tool of lifetime gifting. In 2024, the lifetime gifting exemption offers …
Unlock the Future: Mastering the Lifetime Gifting Exemption in 2024 Read More »
Living in California, we’re often blessed with idyllic weather, breathtaking landscapes, and a dynamic spirit. But amidst the palm trees and endless sunshine, one crucial aspect of life can get overlooked: estate planning. It’s a topic that might not spark excitement, but trust me, when it comes to protecting your loved ones and your legacy, …
Gun ownership is a serious matter and responsible gun owners should proactively plan for their transfer upon death. Laws and procedures for transferring ownership and possession differ greatly depending on the type of firearms involved and the state. In California, you may be required to register the transfer of ownership or even dispose of it depending on …
Parents choose to leave an inheritance to their children for a number of reasons. They may want to make certain that their children are cared for if they are no longer present to support them, or they may wish to provide a solid financial foundation on which their children can build a bright future. Unfortunately, …
Choosing the Right Age for Children to Receive Their Inheritance Read More »
Creating an estate plan can be an invaluable gift for your family as it can provide them with peace of mind during a very difficult time. Additionally, creating an estate plan offers you the opportunity to have meaningful conversations around your intentions, demonstrating to your loved ones how much you respect and appreciate them. These …
How to Talk to Your Family About Your Estate Plan Read More »
What you don’t know can hurt you or rather, hurt your children. Many of my clients have children that recently graduated from high school and are now getting ready to send their children off to college.There are some things that you need to know once your child reaches the age of 18 that may not …
The microchip has enabled us to make just about anything on our own. But we should be wary of the consequences. There are many quips along the line as cheap can be expensive, you get what you pay for, etc. And when it comes to estate planning, the costs can be significant. Many people …
Have your estate planning done. Set the end of the year as your deadline to finally get this completed. Figure out why you have been procrastinating and conquer your fears. If it’s because you don’t have an attorney, ask friends and acquaintances for referrals. If it’s because you aren’t sure who you want to be …
Important Things to Make Sure You Start (or get done!) during Covid Read More »