Holding Real Estate in an LLC
A Limited Liability Company, also called an LLC, it’s a type of business entity. An LLC is intended to shield the LLC owners, called members, from lawsuits filed against the operations or property held in the LLC. Many real estate investors use LLCs to hold investment or rental property. Assuming the LLC is properly managed […]
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Five Common Mistakes in Estate Planning
No one wants to think about death, let alone plan for it. But if you don’t have an estate plan in place, the state will decide who gets your assets and how they’re distributed. This can lead to costly and time-consuming legal battles between family members. Avoid these five common mistakes when creating your estate […]
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Are There Net Worth Requirements to Have a Living Trust?
A living trust is a legal document that outlines how you want your assets to be managed during your lifetime and after death. A living trust can provide peace of mind and help avoid probate, which is the court-supervised process of distributing your assets after your death. You can name a trustee to manage the […]
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Benefits of Making Sure Your Estate Is in Order Sooner Than Later
Estate planning is one of the best things you can do for yourself and your loved ones. Having plans will save you, especially your family, money, time, and even uncomfortable decisions. If you live in California especially, you want to get the best professional help to guide you through the benefits of this very important […]
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California Estate Plans: What Is in One, and Why Do I Need One?
Thinking about creating an estate plan isn’t something restricted to wealthy individuals, and it doesn’t just include your home. Here’s some information about estate planning in California and why you should consider speaking with a reputable law firm like Keyes Law Group about putting a plan in place. Why Is Estate Planning Important? An estate […]
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Conservatorship vs Power of Attorney in California
Power of Attorney A power of attorney is a document that names a series of agents who can take actions for you if you are unable to act for yourself. When the person having the power of attorney is unable to serve, the agent can take over financial management for them. You can appoint close […]
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Irrevocable Trusts: Pros and Cons in California
A trust is a financial planning vehicle that avoids legal processes while at the same time assisting the beneficiary or group of inheritors. A trust permits the proprietor to hand over the property, and its administration, to an intermediary for the benefit of the intended heir(s). Trust is a safe means of conveyancing that allows […]
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Don’t Do It! Five Common Mistakes In Estate Plans
Protection is power! Estate planning is an excellent measure taken to protect beneficiaries from prying individuals. It helps eliminate family quarrels, protect children, and minimize taxes. Comprehensive estate planning requires a professional to embrace digitization, digital notarization, and the use of digital assets. Yet, you must understand the mistakes to avoid during this phase to […]
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I Am the Trustee, Now What?
A trust is a legal body formed as a part of estate planning to retain and protect assets for the benefit of specified beneficiaries. The settlor, or creator, of a trust, chooses a trustee to monitor and supervise the trust assets and investments, pay taxes and trust debts, and issue payments (called distributions) to beneficiaries. […]
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Do I Need a Revocable Trust?
Have you ever had to worry about how your inheritance will get distributed to your beneficiaries after your death? It would help if you considered a revocable trust to help distribute your assets and ease the burden left on your heirs. A revocable trust allows you to exert some control over your assets and their […]
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